Many cities popular with tourists are dealing with the effects of a proliferation of short-term rental properties (brokered through the use of online platforms like Airbnb). New Orleans just took steps to legalize, but limit, short-term rentals.
"The New Orleans City Council approved Thursday (Oct. 20) what were described as landmark short-term rental regulations, legitimizing a practice that has flourished in recent years through listing websites," reports Kevin Litten.
"Most notable in the new rules is a limit on whole-home rentals to out-of-town guests to 90 days a year, and an outright ban on them in most of the French Quarter."
The issue of whether and how to regulate short-term rentals has caused heated controversy in recent years in New Orleans. "City Council members said the issue was among the most difficult they have encountered in recent memory," according to Litten.
Litten also cites Deputy Mayor Ryan Berni, who was on hand at the deciding City Council hearing to make the case for the approved regulation as "a fair compromise that balances the significant economic impact -- Airbnb estimates $316 million in New Orleans short-term rental revenue last year -- with the "integrity" of New Orleans neighborhoods."
FULL STORY: New Orleans City Council legalizes short-term rentals, limits whole-home listings
New Orleans Already Rethinking its Short-Term Rental Regulations
New Orleans passed short-term rental regulations into law in October 2016, and launched a permitting process launched in April 2017. By May 2018, some city councilmembers are already proposing change.
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Barcelona to Phase out All Short-Term Rentals
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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