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NYC's short-term rental ban slashed Airbnb listings. A year later, it's unclear if it's made housing more affordable. Eliza Relman,Dan Latu. October 16, 2024 at 11:58 AM.
Airbnb, citing data from Apartment List, said vacancy rates for apartments in New York City have remained virtually unchanged at 3.4% since the law took effect. The company also said the cost of ...
Critics of a New York City law say it acts as a "de facto ban" on short-term rentals. Leaders say the rules are needed amid a housing shortage. New short-term rental rules might make booking ...
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
In March 2016, affordable housing advocates in New York City were pleased when a judge ruled that an Upper West Side SRO facility (the Imperial Court Hotel) could not rent out rooms for less than 30 days, a short-term tenure that would favour tourist rentals over lower-income long-term renters. [30] In New York City, some public figures have ...
New York City, Chicago and other cities have introduced restrictions on short-term rentals, though regulation is not always strictly enforced. [15] The City of Portland, for example, does not allow rentals of less than 30 days in residential zones but according to local vacation property managers such as Vacasa, the average guest stays 3-10 nights.
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