As the housing affordability crisis deepens, Airbnb and Vrbo face backlash ...Middle East

By Samantha Delouya, CNN (CNN) — It’s been more than six years since Irvine, California, banned short-term rentals — and the city’s mayor hasn’t looked back. “It’s been great,” said Farrah Khan, mayor of Irvine, which is a city of about 300,000 in California’s Orange County. “In speaking to our residents, I think they appreciated that ban.” Irvine is not alone. Over the past few years, Airbnb and Vrbo, two of the most well-known short-term home rental platforms, have faced increasing restrictions and even outright bans from some local governments who say the platforms have worsened housing affordability. Yet economists are divided over how much impact Airbnb and other short-term re

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As the housing affordability crisis deepens, Airbnb and Vrbo face backlash ...Middle East

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