My city in AZ just passed an ordinance that requires any short term rentals to have a permit, the owner must be able to respond to the property within 60 minutes, AND there must be a verified neighbor reachable 24 hours of the day and verified.
That should put a significant dent in landlord rent seeking behavior.
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My city in AZ just passed an ordinance that requires any short term rentals to have a permit, the owner must be able to respond to the property within 60 minutes, AND there must be a verified neighbor reachable 24 hours of the day and verified.
That should put a significant dent in landlord rent seeking behavior.
But it also takes away from the original nature of AirB&B which is rent out your home while you’re away or your personal second home
That’s what happens when capitalism ruins something with good intentions.
Amsterdam been more aggressive, you can rent a full home only 30days/year, the rest you have to live there.