In tourist communities, short-term rentals are pricing out locals


podcast: Marketplace

When you head to an outdoorsy town or resort community to get away from it all, it can be easy to forget the people who live and work there full time, ensuring that the place runs smoothly. The tourism that many of those towns rely on can also produce housing pressures. Marketplace’s Amanda Peacher takes us to Joshua Tree, California, where short-term vacation rentals make up more than one-quarter of the housing stock. As she points out, the affordable-housing shortage is becoming more common around the Western U.S. Also: What the holiday spending habits of four families tell us about the economy, what hurdles await President Joe Biden’s plan for distributing at-home COVID tests and what 20% inflation looks like in Turkey.

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