Have you ever been frustrated by what hotels near the beach charge during summer weekends? Or how much hotels near college campuses jack up their rates around commencement season?
You might find Airbnb, FlipKey, or HomeAway refreshing alternatives to traditional hotels as they offer lower costs, exotic or unique living spaces, and a local experience for your stay away from home.
High-profile Democratic senators like Elizabeth Warren think such online platforms, which offer short-term rentals, are distorting the overall rental market based on a faulty assumption. They want Congress to do something about it, but shutting down innovation with needless regulation is not the way.
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Photo by Gustavo da Cunha Pimenta