Monthly short-term rental news roundup – January 2019
This month in short-term rental news – Housing affordability, the fight against regulation heats up, and being lux is no protection from wild parties.
Here’s the scoop:
- A doozy of an Airbnb gone wrong this month, with hundreds of partiers trashing a luxury London flat ($4.6m-type luxury flat). No property is immune from this. Even pricey places are cheap when you have 50 people splitting the bill…
- More evidence that short-term rentals affect housing markets, backing up the common sense conclusion with more data. In Hawaii researchers found that 10% more short-term rentals meant significant increases in both rents and house prices, especially in popular areas.
- Short-stay platforms continue to push back against sensible regulations this month. Airbnb has sued Miami Beach to avoid making registration numbers on listings mandatory, and Airbnb and Homeaway have blocked a New York law that would force them to divulge host information. Meanwhile in Edinburgh, Airbnb’s extensive back-door lobbying for weaker regulation has been exposed.