Almost everyone has stayed in an Airbnb or at least heard of the global short-term rental company. Since its inception in 2008, Airbnb has offered listings worldwide. The company has been providing budget options and, more recently, high-end lodging for every type of traveler. But the golden age of Airbnb may be over. U.S. cities have recently tightened restrictions on Airbnb hosts and anyone renting short-term accommodations. The reason is that Airbnb listings have caused local rent prices to skyrocket, especially in tourist destinations like New York City. According to Jorge González-Hermoso, a research associate at the Urban Institute, the Big Apple recently showed more Airbnb listings than actual apartments for rent. More tourists than established owners/renters were living in residential dwellings. AIRBNB REGULATIONS VARY. So, how are cities working toward preserving their communities? By implementing tighter restrictions that severely limit the types of short- term rentals allowed. New York City was one of the first to put what Airbnb called a “de facto ban” on these accommodations. In 2022, the city prohibited owners from renting out a unit for less than 30 days at a time without the host being present in the unit. THE FALL OF AIRBNB AND SHORT-TERM RENTALS WHAT DO THESE BANS MEAN FOR THE HOUSING MARKET?
Cities in California battling inaccessible housing have also released new regulations on Airbnb hosts. Even in San Francisco, where the company originated, hosts must be full-time residents and cannot rent out listings for more than 90 days a year. Dallas has been the most recent to establish regulations, asserting that all short-term rentals are banned from neighborhoods of single-family homes. Short-term rentals in communities with multifamily dwellings are still allowed but must pay the same taxes and fees as hotels. HOW WILL THE HOUSING MARKET BE AFFECTED? As the bans continue to roll out in cities worldwide, many hope this will bring more low-priced properties into the market. While plenty of talk about these changes may encourage real estate investors and homebuyers, the truth is that it might not make a difference. Experts say these short-term rental owners won’t simply start selling their property. Instead, they’ll work around the restrictions and likely transform listings into long-term rentals. Don’t get your hopes up! ENSURE A JOYOUS AND SAFE HOLIDAY SEASON: TIPS TO AVOID DUIS AND OTHER ACCIDENTS
KNOW YOUR LIMITS. It’s crucial to be aware of your alcohol tolerance and when to say “enough” to prevent injuries or irrational behavior. Even if you believe you’re “okay to drive,” relying on alternative transportation is safer if you’ve consumed any alcohol. Alcohol impairs your judgment, coordination, and reaction time, making accidents more likely. HOST RESPONSIBLY. If you’re hosting a holiday gathering, keep your guests’ safety in mind. Offer nonalcoholic beverage options and make sure they have a way to get home safely. Encourage designated drivers or arrange for group transportation if possible.
BE PATIENT AND ALERT ON THE ROAD. In addition to avoiding driving while impaired, it’s important to remain patient and alert while driving. The holiday season often brings inclement weather, increased traffic, and stressed or under the influence drivers. Allow extra time for travel, avoid distractions, and stay vigilant to ensure your safety. REMEMBER THE CONSEQUENCES. Lastly, remember the potential consequences of driving under the influence. DUI convictions can result in fines, license suspension, increased insurance rates, or even jail time. While we are always here to help, we never want to see anyone in these situations! Prevention is always the best way to ensure it doesn’t happen to you.
The holiday season is a time for joy, celebration, and quality time with family and friends. As the days grow shorter and the festivities abound, it’s essential to remember the importance of safe driving to ensure that these cherished times remain merry and bright. Here are some tips for staying safe on the road during the holiday season, avoiding DUIs, and ensuring a happy celebration for all. PLAN AHEAD. The first rule of safe driving during the holidays is to plan. If you know you’ll be attending a party or event where alcohol will be served, arrange for a designated driver, a ride-share service such as Uber or Lyft, or a taxi in advance. A plan ensures you won’t be tempted to drive under the influence.
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