If short-term rentals were to become illegal in the U.S., the effect would go beyond inhibiting travelers and hosts — it would also affect many businesses. Pricing companies and consulting websites are based on the existence of short-term rentals. Airbnb is an excellent way to help pay for a vacation home or pied-a-terre. Even the European Union (EU) has expressed its support for technology services such as Airbnb and Uber, offering non-legally binding guidelines and restrictions commensurate with public interest such as safety or social policy.
As long as they get their piece of the pie… what do you think of Airbnb and efforts to curb its growth? Should texas follow in Arizona’s footsteps and should Realtors lead the way?