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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 .
La Maison à Dupont, a corporate apartment building in the Dupont Circle neighborhood of Washington, D.C.. Corporate housing is a term in the relocation industry that implies renting a furnished apartment, condo, or home on a temporary basis to individuals, military personnel, intern groups, or corporations as an alternative to a traditional hotel or an extended hotel stay.
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.
The building was originally constructed as a hotel in 1947 and operated as the Hotel Congressional, with furnished apartments rented by the month, plus meeting rooms and restaurants. [2] Congress acquired the building in 1957 and leased it back to the hotelier. [ 2 ]
CDs differ from savings accounts in that you risk a withdrawal penalty if you need to access your money before the CD matures — though a short-term CD ladder can help you leverage today's ...
SRO units are the least expensive form of non-subsidized rental housing, with median rents even in New York City ranging from $450 to $705 per month. [7]: 117 SROs may constitute a form of affordable housing, in some cases for formerly or otherwise homeless individuals. [8] The term is primarily used in Canada and US.
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