New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply - WSJ
Summary
Two years after New York City's Airbnb crackdown, the housing supply hasn't improved, prompting questions about the policy's effectiveness. This raises concerns about the city's housing shortage and the impact of STR regulations. The article's main implication is the need for review of STR policies.
Key Insights
- •New York City's Airbnb crackdown, in force for two years, has not improved the housing supply.
Action Items
- ✓Hosts in NYC should closely monitor the effectiveness and ongoing revisions to existing STR regulations.Effort: lowImpact: medium
Common Mistakes
- ⚠Hosts might incorrectly assume that new regulations have resolved the housing supply issue, leading to non-compliance as enforcement evolves.
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