Venice Is Drowning As Crowds And Water Threaten Its Soul

Venice Is Drowning As Crowds And Water Threaten Its Soul

Is Venice still a city, or has it become a theme park with canals?For millions of tourists snapping selfies on gondolas, it’s an Instagram dream. But for locals, it’s a nightmare of overcrowding, skyrocketing rents, and vanishing neighbors. Fewer than 50,000 Venetians remain in a city swarmed by 30 million visitors a year—90% of whom don’t even stay the night.“It’s death by vacation rental,” says Emanuele Dal Carlo, founder of Fairbnb. His plat…

Panic as vacation rental boom collapses.Owners rush to sell at steep discounts.

Panic as vacation rental boom collapses.Owners rush to sell at steep discounts. Read more…