Travelers looking to rent an apartment for a few days in New York City will find slimmer pickings now that city officials have started enforcing new rules cracking down on short-term rentals on sites like Airbnb.
Travelers looking to rent an apartment for a few days in New York City will find slimmer pickings now that city officials have started enforcing new rules cracking down on short-term rentals on sites like Airbnb.
What you’ve said is what I hear a lot; someone buys a house on a residential street in a tourist town and turns it into a party palace.
The original concept was good, but as usual, people find ways to exploit the system.
Where I’m at, cabin rentals were a thing long before Airbnb. People had their vacation cabins, and they’d rent them out through a local agency. It was fine for decades, and most people used them to supplement their vacation property. It wasn’t until Airbnb that people were actively scooping up as many properties as possible to rent them out exclusively and completely thrash the local housing market. And I know we’re not alone in this, ski/tourist towns all over the world are having this problem.