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

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.

  • Margot Robbie
    7•10 months ago

    The only way to resolve the housing market issue is to increase the supply of houses on the market, both in new developments as well as discourage vacancy.

    So, with this new law, there’s no more vacant residentials being used as unlicensed hotels, which hopefully will lead to housing prices dropping. (Vacancy property taxes is also needed in my opinion)

    Also, I’m against AirBnB in general, not going to be paying to clean somebody else’s house when I’m on vacation.

    • ScrubblesEnglish
      3•10 months ago

      It was such a cool idea to start with. Going away for the week? Make some spare cash. In town and need a place that offers more than a hotel? Here’s an awesome rate.

      As soon as it became about landlords making profit it was ruined. It was supposed to be about spare cash, not squeeze people for all they’re worth