Insight
New York City's Airbnb crackdown, in force for two years, hasn't improved housing supply.
Two years after New York City's strict Airbnb regulations were implemented, the housing supply has not improved, raising questions about the effectiveness of the crackdown. The WSJ article examines the impact of the regulations, highlighting concerns about the restrictions’ effect on the short-term rental market. The findings suggest the policy has not achieved its intended goal. This could affect the STR market in other major cities.
New York City's Airbnb crackdown, in force for two years, hasn't improved housing supply.