Welcome to the Reader‘s morning briefing for Wednesday, December 14, 2016.
Condo buildings are increasingly banning Airbnb rentals
More than 900 Chicago condo buildings don’t allow residents to rent out their homes on home-sharing websites like Airbnb, according to Crain’s Chicago Business. When the city’s new home-sharing regulations go into effect December 17, the number of local listings on sites like Airbnb could dramatically decrease. There were 8,221 Chicago rentals available on Airbnb in October, which is a 56 percent increase over October 2015. [Crain’s Chicago Business]
