Airbnb and other short-term online rental companies are a cool concept that neatly fit into the tech-heavy RTP area. With billions of dollars of capital, these businesses are easily able to target rapidly expanding, tech-savvy areas like Raleigh. But, as with everything, all things need to be in moderation or in this case regulation.
Companies like Airbnb or HomeAway let homeowners or apartment leasers rent out their property on a short-term basis. While I support the free market, I do have questions about how basic safety and health standards are being enforced if there is no oversight from the city of Raleigh.
While I am not a believer in big government regulations, I do think there should be some mechanisms in place to ensure the basic safety of our neighborhoods. I recently moved to Raleigh because of the same economic opportunities and cultural attractions that are luring companies such as Airbnb to our city.
I am certainly not against companies like this calling Raleigh home. I just believe there should be some measures in place to safeguard the well-being of our community.