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In September 2023, NYC began enforcing new regulations — known as Local Law 18 or LL18 — that severely restricted short-term rentals. The goal was to improve affordability by making units ...
(Reuters) - Airbnb on Tuesday asked New York City to reconsider regulations on short-term rentals that went into effect in September 2023, citing higher prices for travelers and zero impact on the ...
Advocates charge that the illegal short-term rental operation in Midtown is only the tip of an iceberg of thousands of similar schemes that are fueling the city’s housing crisis.
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 ...
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 .
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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