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 City's strict Airbnb regulations were implemented, housing supply has not improved, according to a recent Wall Street Journal article. The crackdown's impact is now under scrutiny, raising questions about the effectiveness of similar regulations in other markets, and highlighting the ongoing debate about STR's influence on urban housing.
Key Insights
- •New York City's Airbnb crackdown, in force for two years, has not improved the housing supply.
Action Items
- ✓Hosts in markets with similar regulations should monitor local housing supply data and assess the impact on their business model.Effort: lowImpact: medium
Common Mistakes
- ⚠A mistake would be assuming that similar regulations have the same impact on every market; each market needs its own review.
Related Videos
More from Regulations & Compliance
The article reports on the potential for a short-term rental ban in Maui, as a rezoning plan failed. This highlights increasing regulatory pressures faced by hosts. PriceLabs is mentioned as the source of the article, which means the dynamic pricing software provider is tracking these trends. Hosts should stay informed about changing local regulations.
Croatia eyes rental limits, potentially impacting host revenue in tourist hotspots like Dubrovnik. Maui rejects a rezoning lifeline, solidifying Bill 9's phase-out of apartment-zoned rentals, while Evanston adjusts its STR ordinance, switching to a discretionary impact review. Hosts should map their exposure and understand changing regulations.
A short-term rental bylaw failed to gain support from the Select Board Chairman. This lack of support could indicate potential challenges for STR regulations in the area. Hosts should monitor local legislative activity closely, as outcomes significantly affect operational freedom.
Curated by Learn STR by GoStudioM