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Initially, it was a free-for-all. Locals began subletting rooms in their apartments, and investors flooded the city to purchase apartments strictly to turn them into short-term vacation rentals ...
Sonder Holdings Inc. manages short-term rentals, such as apartment hotels, in North America, Europe, and Dubai. [2] [3] It was founded in Montreal, Canada in 2014 and since 2016 has been based in San Francisco, California. [4] [5] Sonder manages over 9,000 units in over 40 cities in 10 countries and has served over 1 million guests. [6]
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.
Short-term rentals are banned in certain parts of the city. [121] Barcelona: Vacation apartments are subject to the highest rate of property tax; platforms must share data with regulators. [122] [123] [124] Berlin: Short-term rentals require permission from authorities. Hosts can rent individual rooms with the condition that they live in most ...
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An often-overlooked risk of booking vacation rentals on Vrbo, Airbnb, and other vacation rental websites: These platforms may not be legally compelled to ensure that claims made by hosts who rent ...
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