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The Johnsons chose to rent initially to retain flexibility. Long term, buying property in Mexico is an option. They are considering purchasing a two- to three-bedroom home in Ajijic for around ...
Here’s why some experts believe in the long-term approach over short-term rental platforms. For the full picture, find out some reasons Airbnbs can be better than long-term rentals .
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Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
In 2012, Tripping.com became a metasearch engine for vacation rentals. [5] On May 19, 2014, the company closed its Series A round in the $5 million to $10 million range. [6] On July 28, 2015, the company closed its round of Series B funding at US$16 million. [7]
[citation needed] Thus landlords convert their properties into short-term rental units, and there are fewer long-term housing options available to permanent residents. Landlords also sometimes pressure and coerce people out of their homes, particularly if residents are of low-income. [6] In Australia, short-term rentals have contributed to the ...
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