New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply - The Wall Street Journal
Summary
Two years after New York's Airbnb crackdown, housing supply hasn't improved, as reported by The Wall Street Journal. This suggests the regulations are not achieving their intended goal of easing the housing crisis. Hosts in New York should assess their current operations and adapt to potential further regulatory changes.
Key Insights
- •New York’s Airbnb crackdown, in force for two years, hasn’t improved housing supply.
Action Items
- ✓Hosts should stay informed on the impact of local regulations to ensure compliance.Effort: lowImpact: medium
Common Mistakes
- ⚠Hosts risk non-compliance and potential fines if they are unaware of and don't adhere to local regulations.
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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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