CNN —It’s been more than six years since Irvine, California, banned short-term rentals — and the city’s mayor hasn’t looked back.
“I certainly don’t think it’s a major driver of the housing affordability crisis,” Nieuwerburgh said.
“The reality is that there just simply aren’t enough short-term rentals out there to really make a difference,” Yedinsky said.
In Irvine, although Mayor Khan said the ban had been well received, Irvine’s housing affordability issues aren’t yet solved.
Each Airbnb or other short-term rental host must pay a fee to the city to operate as a short-term rental business.
Persons:
CNN — It’s, hasn’t, “ It’s, ”, Farrah Khan, ” Irvine, Michael Seiler, College of William & Mary, “, ” Theo Yedinsky, Stijn Van Nieuwerburgh, ” Nieuwerburgh, I’m, Airbnb, ” Yedinsky, ” Vrbo, Sieler, Khan, ” Khan, “ We’re, —, Dan Enright, ” Enright, Enright
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