NYC cracked down on Airbnbs 2 years ago — why experts say the ban hasn’t had the impact lawmakers intended - Yahoo Finance
Summary
This article discusses the impact (or lack thereof) of NYC's short-term rental ban enacted two years ago. Hosts in NYC should be aware of the ongoing regulatory environment and its effects on the market. Consider how these regulations affect your business strategy.
Key Insights
- •The article's key finding is that the NYC Airbnb ban, enacted two years prior, hasn't had the impact lawmakers intended.
Action Items
- ✓Hosts operating in NYC should review current local regulations to ensure compliance.Effort: lowImpact: high
Common Mistakes
- ⚠Failure to comply with NYC's short-term rental regulations could lead to penalties.
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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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