Cities are considering policies to curb unregulated commercial activities by short-term rental companies, like Airbnb and HomeAway, that exacerbate affordable housing crises as these businesses skirt laws. Enabled by these entities, commercial operators list multiple units that might otherwise be used for long-term rentals, flouting zoning and tax laws.
Research shows home-sharing, where owners are present during guest stays, account for ~20% of Airbnb’s business, while 81% of revenue comes from rentals where owners are not present. This is not home-sharing, it’s a business. AirbnbWATCH is urging elected officials to protect communities from unregulated commercial activity.
– Lauren Windsor, Spokesperson, AirbnbWATCH