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, implemented two years ago, and states it hasn't improved the city's housing supply. Hosts should monitor the local regulatory environment and understand the potential impact of local laws on their business.
Key Insights
- •New York City's Airbnb crackdown, in force for two years, has not improved housing supply.
Action Items
- ✓Hosts should stay informed about the evolving regulatory landscape in their specific market and how it may impact their business.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations can lead to various penalties, including fines or the inability to operate.
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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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