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Excerpt from The Wall Street Journal -- "Stifling short-term rentals isn’t always in a city’s best economic interest, said Arun Sundararajan, a New York University professor of information, operations and management sciences. If cities crack down too hard on Airbnb, they run the risk of losing out to other tourism destinations with a more robust supply of rooms for rent. 'If a city is deeply dependent on tourism, there’s a huge expansion that can come from being a city who has a huge number of affordable and interesting Airbnb listings,' he said."

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