New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply - WSJ - The Wall Street Journal
Summary
This article discusses the impact of New York City's Airbnb crackdown, which has been in effect for two years. The main takeaway is that the regulations haven't improved housing supply. Hosts should pay attention to local regulations and understand the potential impact on their business.
Key Insights
- •New York City's Airbnb crackdown, in force for two years, hasn't improved housing supply.
Action Items
- ✓Research and understand the local regulations regarding short-term rentals in your area.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations can lead to various penalties, including fines.
More from Regulations & Compliance
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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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