NYC’s Airbnb ban failed to lower rents or boost vacancies, report finds - New York Post
Summary
A report indicates that New York City's Airbnb ban did not achieve its goals of lowering rents or increasing housing vacancies. This suggests that such bans may not be an effective solution to housing shortages and could potentially impact the revenue of hosts in the area. Hosts should monitor local regulations and consider the potential effects of short-term rental restrictions on their business.
Key Insights
- •NYC's Airbnb ban did not lower rents or boost vacancies.
Action Items
- ✓Hosts should monitor local regulations regarding short-term rentals.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local regulations, if any, could result in potential fines or the inability to operate short-term rentals legally.
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