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, which has been in effect for two years. It suggests that the regulations haven't improved housing supply. Hosts in New York City should be aware of the long-term effects of regulations on the market and consider the potential implications for 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 long-term effects of local regulations on their STR business.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations in NYC can negatively affect occupancy and revenue.
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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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