Insight
New York City is facing a housing crisis, prompting increased scrutiny of short-term rentals.
New York City, Facing Housing Crisis, Targets Owners of Illegal Airbnbs (Published 2021)
Summary
This New York Times article from 2021 discusses how New York City is cracking down on illegal Airbnbs due to the housing crisis. Hosts in NYC should be aware of local regulations regarding STRs to avoid penalties and contribute to the city's housing needs.
Key takeaway