Hungarian short-term rental hosts on Booking.com face significant payment delays, causing potential business closures. Despite Booking.com attributing delays to system updates, payments have not resumed as initially promised.
A New York state court judge dismissed an Airbnb lawsuit against New York City, ruling the city had a right to require host registration and licenses, and that it was reasonable to require that Airbnb — and other platforms — verify that listings have licenses, or face penalties.
We’ve been talking a lot about the intersection of real estate and short-term rentals and today we continue to do so with another related topic: 1031 exchanges.
The City of Myrtle Beach, South Carolina earlier this week gave its initial approval to a multi-family housing development plan. The proposal entails the annexation and rezoning of approximately 18 acres of land.
The ‘Airbnbust’ debacle, which saw one short-term rental data vendor showing plunging host revenue way deeper than its peers, went viral. However, it does call for some introspection and interrogation to understand the data from different vendors that often is a bedrock for any story.
A county in California is conducting a comprehensive study to evaluate the impact of how short-term rentals affects housing availability in the county.