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ethics of vacation apartment renting?

After seeing a couple of articles about Paris trying to crack down on vacation apartments, I started thinking about the ethics of it and was curious to hear how others feel.

To summarize the article, generally speaking in France you can only get a lease for a minimum of a year (and adding to that info, you can break the lease early, but you've got to give three months notice for unfurnished and one for furnished apartments). Vacation apartments are apparently technically subject to the same rules, and owners make way more on them as vacation homes than they would renting them to regular Parisians.

So far, it's not too bad, but then if you think about how difficult it is for people who actually live in the city to find affordable housing, it becomes a little more difficult. I mean, it can take months to find something, and when you do, it's not always pretty (we're talking using a camp shower in the squat toilet down the hall of your chambre de bonne).

So assuming that increasing numbers of people buy and rent out apartments as vacation homes, increasing the scarcity of (and maybe rent of) housing for Parisians, is there a negative side to the quest to be a "temporary local?"

It occurred to me that a good number of vacation apartments are also out of the price range of the people most hit by the housing crisis, but then, if you go to the websites, there are a lot of studios and smaller apartments on the vacation rental market too, so maybe it's hard to say.

Sorry for the rambling, but I wanted to see what others thought!

Posted by
693 posts

Well, Amy, I'm not so sure owners make more on vacation homes then they would if they rented their places out to regular renters. If available space is so tight, according to the law of supply and demand, they could still ask for and receive a high price. It would take a real ground swell of tourists to turn this tide and free up space for people who live in Paris year-round. Frankly, I wish it were cheaper and life were easier for everybody but the ethics of vacation apartment renting is not something I lose sleep over. However, I must say, checking out quite a number of them on the internet, I'm often surprised that the owners don't take some of their hefty rental income and upgrade some of the furniture - like have a couple of comfortable easy chairs, some extra pillows, etc. Maybe they're just scraping by and taking camp showers and using squat toilets in their little chambres de bonne. Or maybe they're just cheap.

Posted by
9371 posts

My guess is that it's the same in any city anywhere, including in the US. Even in my town landlords rent apartments at exorbitant rates because they are meant as multi-tenant student apartments. Finding a decent, inexpensive place for a young couple can be a real challenge.

Posted by
693 posts

Nancy, you are so right! A friend of mine pays more per year to rent an apartment in NY City than we paid for our first house when we were a young couple. I'm now an old single and it's actually more advantageous for me to own my house than it would be to rent a comparable apartment in the Atlanta area, which is where I live.

Posted by
9371 posts

Well, Anna, it's crazy in Atlanta, too. I once went house-looking with a friend who lives there and was shocked at what houses comparable to mine (very small) were listing for there. And here, two-bedroom apartments in my neighborhood rent for twice what my house payment is.

Posted by
693 posts

Nancy, what amazes me is that they're still building (and selling) McMansions in the metro area. However, Atlanta is definitely in a huge real estate slump, so now it's a buyer's market here.

Posted by
1358 posts

There's all kind of rentals out there. Some people buy up just for the purpose of renting them, others live in part of them and rent out the rest.

It's different for big cities like Paris and New York than it is for, say, beach condos in Florida, farmhouse apartments in Bavaria (where the family lives, too), or gites in rural France. Especially in the case of farmhouses, the houses may have been in the family for generations, and this is the way they can afford to keep them.

Sometimes apartments are the only reasonable option. With my family of 4, I like having the room to spread out a bit, do laundry, make our own meals. With an apartment, we can do that for less than the cost of a hotel per night. With larger families, staying in a hotel is a much bigger challenge, if possible at all.

Posted by
9436 posts

This is a good question...hadn't thought about it from this angle before. I could argue it both ways...

I read an article in the International Herald Tribune about this when we were in Paris in July. The article said it's actually illegal for owners to rent apts for less than one year, and the mayor of Paris has created a new office to seek out and find owners renting short term. They've already starting prosecuting some. The article also talked about neighbors turning in owners because they don't like living next to vacation apts with tourists constantly coming and going.

After reading the article I was a bit concerned because we just rented an apt in Paris for the first time and really enjoyed it - now we're hooked and can't wait to rent again.

Your question is definitely a good one and I'm curious what others will say.

Posted by
1329 posts

I don't have a good answer but have heard of this crackdown. We're renting an apartment at the end of this month (rented before we heard of the crackdown). The information sent by the rental agency repeatedly says to be quiet in the hallways of the apartment building. I thought it was a courtesy issue but now wonder if part of the reason is so the neighbors won't turn in the apartment owner.

Posted by
283 posts

I would also point out that the French government supports the vacation rental industry. The gites program was established to encourage people to buy older properties, especially outside of Paris, and fix them up. They get tax breaks on taxes for doing this. There are true gutes in Paris, too.

I have been renting vacation places in France for years. In all but three vacations, the rentals are owned by Brits. One French owner had updated an old cider press building, no longer used. One had a house on his Farm that he had updated for rental. This year, I do not know the circumstances yet, but the owner is French. They get the same tax incentives for doing this.

As far as the price, you just have to look around. There are inexpensive rentals (I am paying $988 for fourteen days this year in Isle sur la Sorge.) Those prices, in the long run, can be much less than a hotel, which makes it a more affordable trip in the present economy.

Also, it makes general travel less expensive when you can cook at home. We generally eat breakfast and dinner at the house, and eat out at lunch wihile sight seeing. Lunch is much cheaper, so we really save quite a bit.

So, relax and enjoy your rental! We love to do this, as we often get to know people from around the world.

Posted by
9436 posts

According to the article I read in the International Herald Tribune (July 7) it's only a concern in Paris.

If you notice when looking for an apt in Paris, it usually won't give you the exact address. And with the recent crackdown, more owners are taking that specific info out.

Gites (B&B's) are completely different from apt rentals. Different laws apply to gites.