July 13, 2016
Airbnb is once again under the microscope. A trio of Democratic Senators today called on the Federal Trade Commission to investigate how companies such as Airbnb are impacting the housing market. Senators Brian Schatz, D-Hawaii, Elizabeth Warren, D-Mass., and Dianne Feinstein, D-Calif., urged the FTC to look into the fast-growing short-term rental market, expressing concerns that these services might be making housing more expensive and harder to find. “We are concerned that short-term rentals may be exacerbating housing shortages and driving up the cost of housing in our communities. We have also read troubling reports of racial discrimination on some short-term rental platforms,” Schatz said in a letter to FTC Chairwoman Edith Ramirez….
Source: http://www.recode.net/2016/7/13/12184528/senators-ftc-Airbnb-inquiry