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Stand with Sen. Warren: Investigate Airbnb-style rentals

August 5, 2016

credoaction – excerpt (petition link)

There is a rental housing crisis in America. Millions more people look for apartments each year, even as the housing supply decreases. More and more Americans devote nearly half their income to paying rent. Americans struggle as their rent goes up and their wages don’t – and low-income Americans suffer the worst.1

One part of the problem may be speculators buying up housing units and putting them on short-term rental platforms, like Airbnb. These platforms were intended to let people rent out single rooms or their own houses. But some hosts offer multiple units of entire apartments, in essence running their own hotels and leaving long-term renters with fewer and more expensive options.2

The biggest obstacle to dealing with it is we don’t know how widespread the problem is, and we can’t count on the companies themselves to be honest.3,4 That’s why Sen. Elizabeth Warren is teaming up with Sens. Brian Schatz and Dianne Feinstein to demand that the Federal Trade Commission (FTC) investigate and uncover the truth about speculators on short-term rental markets.

Stand with Sen. Warren: Tell the FTC to investigate Airbnb-style rentals…
(petition link) on CREDO Action

The Sharing Economy is losing some of its luster. When you have Dianne Feinstein and Elizabeth Warren demanding FTC investigations, they are bound to uncover the truth. Hopefully it will not take too long.

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