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The short-term rental industry has been repeatedly accused of driving housing prices up by contributing to the housing shortage both in the U.S. and abroad. The accusations have been coming from ...
While the number of short-term rentals has plummeted, the effect on the housing market is unclear. Airbnb says the ban is too broad and hasn't made housing any more affordable. New York City's ban ...
It’s been more than six years since Irvine, California, banned short-term rentals — and the city’s mayor hasn’t looked back. As the housing affordability crisis deepens, Airbnb and Vrbo ...
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
Phocuswright’s U.S. Short-Term Rental Report 2021 – its most recent that measured that metric – found that 78% of short-term rental users surveyed were aware of Airbnb as offering that type ...
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.
(Reuters) - Airbnb on Tuesday asked New York City to reconsider regulations on short-term rentals that went into effect in September 2023, citing higher prices for travelers and zero impact on the ...
One paper, for instance, found that a short-term rental ordinance in a city in southern California led to a 2.7% decline in contracted long-term rental prices on average—meaning, that when you ...
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