Should Cities Ban Airbnb and Other ShortTerm Rentals

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Talk to any resident of a world city popular with visitors, and two complaints inevitably come up: Rents are too high, and there are too many tourists. • It’s tempting (and, data suggest, not unjustified) to place some of the blame for these woes on Airbnb Inc., Vrbo and other websites that facilitate short-term rentals. Critics accuse them of reducing the supply of available homes and saturating popular neighborhoods with wild partygoers. Shops catering to these visitors end up elbowing out other smaller businesses, making daily life even harder for locals. • Read more: https://www.bloomberg.com/news/articl... • -------- • Subscribe to our YouTube channel: https://trib.al/KM4k5RA • Subscribe to Bloomberg Originals: https://trib.al/dJv9Uw8 • Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. • Connect with us on… • YouTube: / bloomberg • Breaking News on YouTube: / @bloombergquicktakenow

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