Residents of one European city just voted Airbnb out of their neighborhood

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• Residents of one Budapest neighborhood have voted to ban Airbnb-style rentals.
• The new law will need to be ratified by Parliament and wouldn't go into effect until 2026.
• As other European cities crack down on short-term rentals, it's a rare example of citizens directly voting to do so.

Residents of a bustling neighborhood in downtown Budapest, Hungary, have voted to ban Airbnb-style rentals.