BRUSSELS - Europe’s top court on Tuesday gave its backing to European cities cracking down on short-term rentals of private homes to solve a housing crunch, dealing a setback to homesharing site Airbnb.From Amsterdam to New York and Paris, authorities have blamed Airbnb for worsening housing shortages in their cities which have pushed out lower-income residents. France is Airbnb’s second largest market after the United States.
“National legislation making the repeated short-term letting of accommodation to a transient clientele which does not take up residence there subject to authorisation is consistent with EU law,” judges said.
Source: Law Daily Report (lawdailyreport.net)
What Airbnb does is turn residential real estate into commercial real estate and that's not fair to the people who live there.
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