A law meant to crack down on short-term rentals in New York City took effect Tuesday. Thousands have dropped off the map, but there are still hosts offering bookings that may break the law.

This Is the True Scale of New York’s Airbnb Apocalypse::A law meant to crack down on short-term rentals in New York City took effect Tuesday. Thousands have dropped off the map, but there are still hosts offering bookings that may break the law.

  • @PohlEnglish
    15•1 year ago

    15k units in a city the size of NY seems like peanuts to me. I would be shocked if that creates any noticeable downward pressure on housing prices in the city. Might increase the cost to travel to NYC and depress tourism a bit, but I doubt even that will be a huge effect.