The short-term rental fight was designed for cities running out of homes. A growing number of places face the opposite problem with population decline: too many homes and too few people.
The short-term rental model allows homeowners to rent out properties for brief periods, typically to tourists or transient visitors.
Population decline can lead to an oversupply of homes, resulting in decreased property values and challenges in maintaining community infrastructure.
Yes, short-term rentals may provide a revenue stream for homeowners and attract tourists, potentially revitalizing local economies in shrinking areas.
Shrinking places often struggle with economic stagnation, declining public services, and the maintenance of vacant homes.