ποΈ Short-term rental limits boost housing affordability
A new study has demonstrated that restricting the availability of short-term rentals positively impacts housing affordability across various markets. Researchers found this trend observed in cities where regulations were implemented against platforms like Airbnb. The data analyzed covered a period spanning from January 2020 to December 2023 in multiple urban areas. This suggests that limiting tourist rentals helps keep housing stock available for long-term residents. Policymakers are now considering how to effectively implement these restrictions moving forward. ποΈ