New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply - WSJ - The Wall Street Journal
Summary
This article discusses the impact of New York City's Airbnb crackdown, which has been in effect for two years. It suggests that the regulations haven't improved housing supply. Hosts in New York City should be aware of the long-term effects of regulations on the market and consider the potential implications for their business.
Key Insights
- •New York City's Airbnb crackdown, in force for two years, has not improved housing supply.
Action Items
- ✓Hosts should stay informed about the long-term effects of local regulations on their STR business.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations in NYC can negatively affect occupancy and revenue.
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