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While the number of short-term rentals has plummeted, the effect on the housing market is unclear. Airbnb says the ban is too broad and hasn't made housing any more affordable.
The Los Angeles City Attorney's Office filed a lawsuit this week against Blueground, a short-term rental company that advertises properties. LA lawmakers threaten landlords with fines as high as ...
Rental vacancy rates, for example, which are one marker of the balance of housing supply, have declined across the country. While, in a balanced market, rental vacancy rates should fall between 7 and 8 percent, only one U.S. census region, the South, achieved target levels on average in its metro areas as of 2021.
In most federally-funded rental assistance programs, the tenants' monthly rent is set at 30% of their household income. [2] Now increasingly provided in a variety of settings and formats, originally public housing in the U.S. consisted primarily of one or more concentrated blocks of low-rise and/or high-rise apartment buildings.
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.
Turn short-term rentals into long-term affordable housing on Hilton Head. ... In the spring, short-term rental rates average up to $278 a day on Hilton Head Island, according to AirDNA. Though ...
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