Insight
Rent remains high for locals despite the crackdown.
NYC cracked down on Airbnbs 2 years ago — yet rent remains sky high for locals. Why experts say short-term rental bans won’t fix the housing crisis
Summary
This article discusses the impact of a short-term rental ban in NYC and whether it has improved the housing crisis. Hosts should be aware of the ongoing debate about the efficacy of STR bans in addressing housing affordability.
Key takeaway