This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

On Thursday, a New Orleans City Council member proposed the ban of short-term “whole-home” rentals, like the those that Airbnb advertises. Citizens have lately been unhappy with the market as it has driven up housing costs and tainted the historical authenticity of homes in the city.

The city is ultimately trying to target those who are buying homes solely for the purpose of renting them out, and address the problem of rowdy short-term guests as opposed to long-term ones.

The proposal won’t be voted on until April, but that isn’t stopping the opposing side from expressing their sentiments toward the issue. Renting out homes provides a form of income that many are dependent on, and in a statement for USA Today, Airbnb pointed out how “detrimental” this decision would be for those individuals.

The popular vacation rental sites that would be impacted are warning against the negative impacts that the city might feel if it chooses to pass the proposal.

In a statement for USA Today on the matter, HomeAway spokesman Philip Minardi said that, “this framework would jeopardize those responsible homeowners without cause, decrease tax collections, and prevent tourism dollars from being spread across the city.”

The proposal only applies to banning the rental of entire homes as opposed to partial home rentals, like guest houses or rooms within a home, as they tend to be the root of the problem that New Orleans hopes to address.

Other cities have grappled with similar issues and have come up with a variety of solutions for the problems. However, Airbnb made it clear that this solution does not take enough into consideration, saying that the proposal was “crafted in a backroom without input from key stakeholders.” All the while, the Council member who spearheaded the proposal, Kristen Gisleson Palmer, argued that there was ample discussion and public input considered.

H/T: USA Today

Featured image of New Orleans apartment rental from Airbnb

American Express® Gold Card

With some great bonus categories, the American Express Gold Card has a lot going for it. The card offers 4x points at US restaurants, at US supermarkets (up to $25,000; then 1x), and 3x points on flights booked directly with airlines or through It is currently offering a welcome bonus of 35,000 bonus points after you spend $2,000 in the first three months.

Apply Now
More Things to Know
  • Earn 35,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new Card within the first 3 months.
  • Earn 4X Membership Rewards® points at U.S. restaurants. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on
  • Earn up to $10 in statement credits monthly when you pay with The Gold Card at Grubhub, Seamless, The Cheesecake Factory, Shake Shack, and Ruth's Chris Steak House. This is an annual savings of up to $120. Enrollment required.
  • $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
  • Choose to carry a balance with interest on eligible charges of $100 or more.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms apply.
  • See Rates & Fees
Intro APR on Purchases
Regular APR
See Rates & Fees
Annual Fee
Balance Transfer Fee
See Terms
Recommended Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.