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.

  • ares35@kbin.social
    1773·
    1 year ago

    the early days of airbnb was basically this concept.

    they didn’t start out as a marketplace for unregulated hotels that destroy housing markets. that didn’t happen until after they started cashing checks venture vulture capitalists.

    • Overzeetop@sopuli.xyzEnglish
      902·
      1 year ago

      So many people forget this origin. Air mattress in your spare room (in SF), iirc.

      As much as I, personally, prefer a house when away - either with the family or as a couple - this is one of the drivers behind the crunch in housing. People can’t possibly afford to by a place to live when the competition is a wanna-be property “entrepreneur” who is going to get 2-4x market rent by doing short term rentals.

      • NateNate60@lemmy.ml
        461·
        1 year ago

        Originally my mum moved my brother and I into the same room and rented out the empty room for $40 a night. The cleaning fee was $20 and we still cleared $2,000 in one summer.

        My brother and I each got a 5% cut and we bought ice creams from Safeway every day for a week until we got wicked stomach aches