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

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.

  • Franzia
    2•1 year ago

    I wanna draw a compromise like you. I think the rental system does suck ass and shorter terms could be better negotiated into the system.

    The problem is that this current disruption in the market is making people homeless. So that some wealthy people can stay for the weekend.

    The ‘market’ isn’t gonna solve this, these social conventions have always been written by lawyers. This market just keeps trying to squeeze people out to reduce housing supply for all but the filthy rich. But playing into that market is also zoning laws, approval processes etc. It would be nice to fill in these gaps! Hostels, taverns, larger hotel rooms for big groups, short term rentals for 1 - 3 months without ‘year long lease’ and all that crazy approval bullshit.

    • @katmandood
      2•1 year ago

      Agree that regulation and zoning laws can be way better but I’m not sure how much more could be done about supply in NYC. The place is already one of the densest on the planet. Having an vacancy tax makes total sense too. Make sure that maximum available supply is actually being used.

      The issue seems to be short term vs long term rentals and I’m not sure if I favor one over another for a place like NYC where a large part of the population has always been transient.