By Teke Wiggin | inman
What happens to rents if short-term rentals take a bite out of long-term inventory?
The question is being debated by local governments and stakeholders across the country, helping to inform new regulations, such as those recently passed by New Orleans.
The answer might vary largely by city, but short-term rentals don’t have a substantial impact on housing affordability, according an overwhelming majority of experts surveyed by Zillow.
That’s not to say that most of those experts wrote off any impact whatsoever.