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, hasn't improved housing supply. This suggests hosts in NYC might be facing continued regulatory pressure without seeing the intended benefits. Hosts should stay informed about local regulations and their impact.
Key Insights
- •New York City's Airbnb crackdown, in force for two years, hasn't improved housing supply.
Action Items
- ✓Hosts should monitor the impact of local regulations on their business and consider how these regulations might affect their occupancy and revenue.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations can lead to penalties and potentially the inability to operate your STR.
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