New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply - The Wall Street Journal
Summary
Two years after New York City implemented its Airbnb crackdown, the city's housing supply has not improved. This suggests the regulations haven't achieved their intended goal of easing the housing crisis. The article implies that hosts need to stay updated on the ever-changing regulatory landscape and its impacts.
Key Insights
- •New York City's Airbnb crackdown, in force for two years, hasn’t improved housing supply.
Action Items
- ✓Hosts should regularly monitor local regulations and their effects on STR operations.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations in New York City could lead to fines or restrictions.
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A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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