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.
I don’t know how I feel about this. On one hand: I dislike the trend of commercial companies buying up living space to turn around and rent it out to disruptive short-term tenants.
On the other hand: I don’t want to have anyone else present in my rental with me because that’s creepy.
That’s the point.
If you and I stay in hotels, people who work there will be able to afford to live near there.
They want you back in a hotel
They are trying to address housing shortages. The hotels might benefit, but so does everyone else because it effectively bars commercial operation of AirBnB. No landlords with 50 units etc.
Really to drop housing prices you have to address the secondary mortgage market. More supply is a band aid.
I want them back in a hotel too.
Yes, where they should be.
If you’re travelling somewhere then stay in a hotel, it’s what they’re for.
No thanks. Apartment rentals have existed for decades.
Just not nearly so many, and with so little regulation.
Regulation isn’t my job though. Just like those not paying tax isn’t my responsibility, but it should be sorted properly.
And why is that a bad thing?
It’s the same as ride-sharing … which, when it started, was advertised as a cheaper alternative to taxis/cabs but that’s no longer the case.
I use taxis instead od ride-share because taxis are regulated and they have to buy licenses. Does this make them better? Not really, but they are contributing to the local economy through the tax base … and that alone does make them better.
It is still cheaper.
I’ve stayed in plenty of Airbnb’s that the owners were on-site the whole time. It’s not bad at all. I even used Airbnb to rent out a spare room for a couple years and it wasn’t weird at all (except for the people who were much more comfortable with nudity than I was).
The time I visited NYC, the Airbnb I rented was a small apartment divided up into three rooms with other renters staying there. Same as if the owner was there, wasn’t a problem or creepy.