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, or lack thereof, of New York City's Airbnb crackdown on the local housing supply. Hosts should be aware of the effects of regulations in major markets, as they can significantly impact profitability and market dynamics.
Key Insights
- •The article suggests that New York City's Airbnb crackdown, in force for two years, has not improved housing supply.
Action Items
- ✓Research the current STR regulations in your local market to understand the potential impacts on your business.Effort: lowImpact: medium
Common Mistakes
- ⚠Hosts in NYC who were not in compliance with the new regulations may have faced penalties and/or eviction.
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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