Short term rentals (STRs) have been something of a blessing and a curse for New Orleans. On the one hand, they provide a relatively easy addition income for New Orleans homeowners – many of whom earn as little as 14 percent below the national average in wages each year – and a cheaper, convenient place […]
On Thursday, the New Orleans City Council unanimously passed a ban on most Airbnb and other short-term rentals in the city.
In less than a decade Airbnb has changed everything on the rental landscape because of its easy interface and booking transactions.
When it comes to short term rentals in New Orleans, don’t believe everything you hear – or read. Several economists have come forward to denounce an often-cited study from the Hospitality Research Center on the positive impacts of short term rentals on the city’s economy.
“I spent years dealing with needle dens, and crack houses burning on my block, bike thieves, cleaning the hood—literally picking up needles—only to have some of those very places become STRs. I miss the junkies.” – David Roe, New Orleans resident As you can see, people have strong feelings about the proliferation of Airbnb. For […]
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