Concerns that short-term rentals fueled by platforms like Airbnb have caused long-term rents to rise in major cities has caused some governments to place limits, including bans, on them.
But research of New York City found that short-term rentals arethe biggest contributor to high rents, especially when it comes to the most vulnerable segments of a city’s residents. Given that short-term rentals have benefits, bans are a poor solution.Cities around the world have seen rising house prices and rents and an influx of tourists over the past decade.
Short-term rental laws vary, with the most stringent resulting in almost complete bans. That’s the case in New York City, wherenow requires hosts to register with the city, be present in the residence while hosting, and host at most two travelers.is the Glenn and Mary Jane Creamer Associate Professor of Business Administration at Harvard Business School and co-principal investigator at the Platform Lab at Harvard’s Digital Design Institute .
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bills fall short against Chiefs in postseason, againThe Buffalo Bills lost to the Kansas City Chiefs in the postseason, raising questions about their ability to beat the Chiefs. Despite their desolation, the Chiefs remained steady.
Read more »
Coffee-and-Bourbon-Braised Short RibsInstant espresso powder and smoky-sweet bourbon lend big flavor to a delectable braising liquid that begs to blanket a bowl of mashed potatoes.
Read more »
Q&A: Jules Gill-Peterson’s A Short History of Trans MisogynyLawmakers have introduced 400 anti-trans bills already this year. Jules Gill-Peterson can tell you how we got here.
Read more »
These Chic Short Bob Haircuts Will Inspire Your Next Big Chop2019 was undoubtedly the year of the bob! This universally flattering and modern haircut won't leave the spotlight anytime soon.
Read more »
Best Short Haircuts for Women Over 60: Tips and TrendsLearn about the best short haircuts for women over 60, including tips on choosing a cut that flatters your face shape and the top trending cuts. Find sleek, stylish, and easy-to-manage hairstyles for your seventh decade and beyond.
Read more »
Shifting Your Focus from Short-Term Efficiency to Long-Term ResilienceThere are downsides to pursuing efficiency at all costs.
Read more »