- cross-posted to:
- technology
- cross-posted to:
- technology
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 about prices in NYC but I can assure you that the cost of an airbnb in asia is nothing compared to the cost of a hotel (for the same standard)
When we don’t have a housing crisis, this argument will be much more appealing. There’s massive homelessness where I live (Bay Area), so how much someone has to pay for a room is a lot lower on my list.
Why can’t people live in hotel vacant rooms them?
Airbnb prices are comparable to similar hotels, maybe even more expensive in the US and Europe. Same thing will happen in Asia once they gain the market share they’re looking for, then they’ll raise prices.
Absolutely incorrect in central/eastern Europe. Hotels are usually $100+ a night for a suite, Airbnbs depending on the city can be as low as $50 a night for the whole apartment.