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
Patrice Lee Onwuka is a Senior Policy Analyst at the Independent Women’s Forum and a contributor to Bold Global Media.
Patrice has worked in policy, media, and consulting roles on youth and women’s issues. Her writing has appeared in the Washington Post, CNBC, Bloomberg, the Washington Times, the New York Post, the Christian Science Monitor, and other outlets. She is a regular guest on Fox News, Fox Business News, MSNBC, and PBS programs.
Patrice holds a bachelor’s degree in economics and political science from Tufts University and a master’s degree in economics and international relations from Boston College. Follow her @PatricePinkFile