💨 Abstract

Cape Town Mayor Geordin Hill-Lewis proposed taxing short-term rentals to address a housing crisis caused by the influx of digital nomads. The city's popularity among remote workers, driven by factors like low cost of living and stunning landscapes, has led to rising rental prices and reduced long-term rental stock, making it difficult for locals to secure affordable housing.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖