Airbnb relents, will limit how long people can rent out properties in two major cities

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Faced with pressure from cities around the world, Airbnb is cracking down on hosts who don’t seem to live in the properties they rent. 

The company will limit the number of nights a host in London or Amsterdam can rent a property through its short-term rental site. To rent a home for more than 90 days in London or 60 days in Amsterdam, hosts will need to apply for a license. 

The automatic cap applies to listings for entire homes, not to rooms in an otherwise in-use house or apartment. The number of nights a year a home is rented and the number of entire home listings in a city are two of the numbers that most concern affordable housing advocates opposed to Airbnb.  Read more…

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NYU’s plan to make college cheaper: Get students to live with senior citizens

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New York University is thinking outside the average dorm to make college more affordable.

With tuition and housing more than $60,000 per year in one of the most expensive cities in the world, the college is having an affordability crisis.

To alleviate some of the costs of living, the private university is launching a pilot program to pair students with older New York City residents with extra room in their apartments.

Some are calling the housing option “grandma’s spare room,” as The Guardian reported. Students will be living with senior citizens and other residents near the university who may be struggling financially, but have extra space. Students won’t be working for their elderly roommates and aren’t there to be nurses or caregivers — everyone is just living the New York dream under the same roof. Read more…

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