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by HIbachikabuki
4771 days ago
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It's likely that cities that have substantial tourism and insufficient hotel space in the tourist areas will see an increase in short-term internet-enabled rentals and will have to decide how they want to handle the issue. Austin just put in place a new short-term-rentals policy ~a year ago. It's a pretty fair policy IMO (distinguishes between owner-occupied vs investor/landlord properties, requires collection of hotel tax for the city, etc.). I don't think this'll kill Airbnb & its ilk any more than collection of state sales taxes will kill ecommerce businesses. As business models go mainstream, they inevitably end up getting regulated & taxed. It's only when they're little & marginal that they can fly under the radar. |
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