New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply - The Wall Street Journal
Summary
A Wall Street Journal article reports that New York City's Airbnb crackdown, in effect for two years, has not improved housing supply. Hosts in NYC should monitor local regulatory changes and their impact on the market.
Key Insights
- •New York City's Airbnb crackdown, in force for two years, has not improved housing supply.
Action Items
- ✓Hosts should monitor local market trends and regulations to understand the impact of short-term rental restrictions on their business.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations can lead to potential fines or operational limitations.
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