N.C. State: How Airbnb Could Help Curb the Rise in Housing Costs
October 18, 2024
October 18, 2024
RALEIGH, North Carolina, Oct. 18 (TNSres) -- North Carolina State University issued the following news release:
Home-rental platforms like Airbnb are known to drive up housing costs, but a new study shows that doing a better job of collecting the taxes owed by these home rentals appears to slow the rise in home prices. The finding suggests that tax policy can help to mitigate rising home prices, particularly in areas where there are a lot of short-term rental properties.
Home-rental platforms like Airbnb are known to drive up housing costs, but a new study shows that doing a better job of collecting the taxes owed by these home rentals appears to slow the rise in home prices. The finding suggests that tax policy can help to mitigate rising home prices, particularly in areas where there are a lot of short-term rental properties.