New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply - The Wall Street Journal
Summary
A Wall Street Journal article reports that New York City's Airbnb crackdown, enforced for two years, hasn't improved housing supply. This suggests the regulations haven't achieved their intended effect, and hosts should be aware of the impact of such regulations.
Key Insights
- •New York City's Airbnb crackdown, in force for two years, hasn't improved housing supply.
Action Items
- ✓Hosts should stay informed about the local regulations and their impact on occupancy rates and profitability.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to comply with new regulations could lead to a decrease in occupancy and potential fines.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
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.
Curated by Learn STR by GoStudioM