Why banning Airbnb won’t solve the housing crisis, Cape Town take note: Betsey Stevenson
In a world where housing affordability is a pressing concern, governments often enact policies that contradict their stated goals. Recent bans on short-term rentals, like Airbnb, under the guise of freeing up residential space, have backfired. Instead of lowering costs, these bans have boosted hotel prices and displaced tourists to neighbouring areas. Such restrictions limit housing flexibility and hinder economic growth, undermining the very communities they aim to support. The path to affordability lies in fostering a dynamic housing market, not stifling it.
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By Betsey Stevenson
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