Housing Crisis Forces Airbnb And Vrbo Into The Hot Seat As Cities Grapple With Soaring Rents And Mounting Public Backlash
Cities across the U.S. are grappling with a housing crisis, and short-term rental platforms like Airbnb and Vrbo have found themselves at the center of the debate. Since Irvine, California, banned short-term rentals six years ago, the city's leadership remains confident in the decision. "It's been great," Irvine Mayor Farrah Khan told reporters, adding that residents have supported the ban. Irvine is just one of several municipalities tightening restrictions on short-term rentals, arguing that t
