The Impact of Short-Term Vacation Rentals on Communities in Six Ways
Since its inception almost a decade ago, short-term holiday rentals have generated a great deal of controversy and have continued to rise at an astounding rate. Although short-term holiday rentals are becoming less of a secret, there are still many things to take into account when creating new laws or revising old ones. These are six significant ways that short-term holiday rentals affect local communities.
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1. Advantageous Economic Effect
A city or county may benefit economically from short-term vacation rentals in a number of ways. For instance, through tax revenues, they might provide a city extra money. In addition, the city as a whole stands to gain economically from short-term rental guests as they will spend their money at other ...