Summary of How Short-Term Rentals KILL Cities

00:00:00 - 00:05:00

This YouTube video discusses how short-term rentals are negatively impacting cities by causing long-term tenants to be replaced by tourists. This results in an urban desert for long-term tenants, who are unable to experience the city. The video argues that regulation of short-term rentals is necessary to protect cities and their inhabitants.

• 00:00:00 In this YouTube video, a digital coach and happiness trainer, fabulous, discusses how short-term rentals, such as Airbnb, are killing cities. The digital coach points out that in Prague, for example, the number of Airbnb apartments has decreased from 14,000 to 7,000 due to the industry's pursuit of profit.
• 00:05:00 The video discusses how short-term rentals, which are created artificially by the real estate market, negatively impact cities. These rentals are often used by tourists, who cause noise and annoyance, and long-term tenants, who are replaced by tourists, are then unable to live in the city. This results in an urban desert for long-term tenants, who are then unable to experience the city. The video also discusses howregulation of short-term rentals is necessary to protect cities and their inhabitants.