High costs are causing people to turn to short-term rentals as a coping mechanism for the cost of living crisis.
Steady: 1 development in the last 24 hours, 1 in the last 7 days
Updated 7 hours ago
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What happened
High costs are causing people to turn to short-term rentals as a coping mechanism for the cost of living crisis.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- High rental costs are reported in Belize cities.Sub-event
The cost of living crisis is driving increased reliance on short-term rentals.1 source
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The entities involved
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Airbnb
American online platform for rental accommodations
Related events
- Airbnb is facing criticism for its business model, as it is seen as encroaching on the traditional hospitality market, challenging small businesses and B&Bs.
- Minns government refuses to address the ongoing rental shortage.
- Visitors are using Airbnb for vacation rentals in Hythe.
- The National Low Income Housing Coalition estimates high homelessness rates.
- Duluth city council is considering an ordinance to potentially ban short-term rental businesses like Airbnb.