The Snaring Economy 0
Berlin acts to rein in rogue rentals which raise rents beyond the resources of rental residents (emphasis added).
Given that it is more profitable to rent out whole apartments for short holiday lets, some investors are holding on to apartments for such rentals rather than having long-term tenants.
San Francisco-based Airbnb.com — short for the business’s original name AirBed & Breakfast — is the biggest of several sites that allow people to offer and find such rental accommodation worldwide.
When it’s being done by “investors,” my friends, it ain’t sharing, not by any measure.
More at the link.