New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply - WSJ - The Wall Street Journal
Summary
This article from the Wall Street Journal reports that New York's Airbnb crackdown, in effect for two years, hasn't improved housing supply. Hosts should be aware of the impact of local regulations on their business and monitor the housing market in their area.
Key Insights
- •New York's Airbnb crackdown, in force for two years, hasn't improved housing supply.
Action Items
- ✓Hosts should monitor the effects of local regulations on the availability of short-term rentals and the housing market in their area.Effort: lowImpact: medium
Common Mistakes
- ⚠Hosts who fail to comply with local short-term rental regulations risk operating illegally or may face financial penalties, like fines or forced closure.
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