February 29, 2016
In Seattle, the use of home-sharing and vacation rental sites, like Airbnb and VRBO, has exploded in the last six years. The effect is an expanded, and more visible, marketplace for people to rent out their homes for short-term use. City leaders are concerned that this practice of short-term rentals is discouraging people from renting out what would otherwise be long-term housing for Seattle tenants. Stories of entire condo buildings turning into a hotel, or landlords displacing tenants in favor of Airbnb rentals, have reached the council office….
Source: http://www.kiro7.com/news/should-seattle-regulate-vacation-rentals-like-airbnb/130521717
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