Monday, August 16, 2010

Home Exchange News

Karen Triggiani sends along this story:

New York State recently passed a law that bans enterprising home owners from renting out private property for less than 30 days. Taking advantage of temporarily empty spaces made a lot of sense in New York City, considering the insanely high cost of real estate in the area. It was arguably beneficial to tourists as well, who were able to rent a space for a much lower cost than that of a hotel room.

The reality is, staying at a hotel — whether in New York City or elsewhere in the world — is among the priciest ways to travel. Increasingly, budget-conscious travelers are seeking out alternative lodging arrangements, from swapping apartments to crashing on someone’s couch.

Here are five ways to slash the price of your travel drastically.

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