Under the new restrictions, short-term renters will need to register with the city and must be present in the home for the duration of the rental
Home-sharing company Airbnb said it had to stop accepting some reservations in New York City after new regulations on short-term rentals went into effect.
The new rules are intended to effectively end a free-for-all in which landlords and residents have been renting out their apartments by the week or the night to tourists or others in the city for short stays. Advocates say the practice has driven a rise in demand for housing in already scarce neighbourhoods in the city.
Under the new system, rentals shorter than 30 days are only allowed if hosts register with the city. Hosts must also commit to being physically present in the home for the duration of the rental, sharing living quarters with their guest. More than two guests at a time are not allowed, either, meaning families are effectively barred.
NY is killing it. More of this, please.
They’re called hotels. A ban is appropriate. Fuck you.
Not to mention legitimate bed and breakfasts are still legal and well regulated businesses.
Too bad it’s only the city doing this and not the whole state :(
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The entire fucking country currently has a housing shortage.
Do you have a source? I’ve seen a lot of vacancies upstate.
The problem is there are more instances of people who own places just to rent. Ban those. But permit people to rent places they actually have established residency in.
As an example… Boyfriends and girlfriends with their own places but spending the night swapping between are also super inefficient usage of resources. I’m obviously not suggesting that couples must live together… But they’re perfect for occasional Airbnb rentals. Rent it for the week and spend that week at your partners. Same with people who travel for work.
I don’t know about prices in NYC but I can assure you that the cost of an airbnb in asia is nothing compared to the cost of a hotel (for the same standard)
When we don’t have a housing crisis, this argument will be much more appealing. There’s massive homelessness where I live (Bay Area), so how much someone has to pay for a room is a lot lower on my list.
Why can’t people live in hotel vacant rooms them?
Airbnb prices are comparable to similar hotels, maybe even more expensive in the US and Europe. Same thing will happen in Asia once they gain the market share they’re looking for, then they’ll raise prices.
Absolutely incorrect in central/eastern Europe. Hotels are usually $100+ a night for a suite, Airbnbs depending on the city can be as low as $50 a night for the whole apartment.
Hotels in NY and other cities need competition, smaller scale land owners renting their condos while on vacation, or their parents home that they wouldn’t sell anyways is perfectly fine. Hotels take up a lot of land and often have many vacancies so that is just as much of a problem, and yes tenants can longer term live in hotels- I lived in a hotel for around 7 months because it was cheaper than an apartment(not paying the market price but just talked to the manager) during COVID, many(maybe most) nights I was the only person in the building. Prices are a supply issue which existed long before Airbnb but it’s just easy to blame.
Hotels are not an end all be all solution. They are significantly more expensive when dealing with large family’s or groups of travelers. Most do not allow pets.
That doesn’t outweigh the problems being created. A bnb isn’t supposed to be the same as renting a cabin for the week.
Airbnb didn’t created supply shortages.
So companies like VRBO are better than airbnb? How do you think cabins are getting rented?
That’s a whole different sentence that I never said.
Your last sentence says airbnbs are not supposed to be the same as renting a cabin for the weekend. I pointed out there are different companies effectively doing the same thing. Its not a far stretch. Let’s add in families like going to cities on trips and not just camping in the woods.
And you conveniently missed things like population density. Put some thought into the why instead of looking for the first strawman that jumps out at you.