Under the new restrictions, short-term renters will need to register with the city and must be present in the home for the duration of the rental
Under the new restrictions, short-term renters will need to register with the city and must be present in the home for the duration of the rental
Home-sharing company Airbnb said it had to stop accepting some reservations in New York City after new regulations on short-term rentals went into effect.
The new rules are intended to effectively end a free-for-all in which landlords and residents have been renting out their apartments by the week or the night to tourists or others in the city for short stays. Advocates say the practice has driven a rise in demand for housing in already scarce neighbourhoods in the city.
Under the new system, rentals shorter than 30 days are only allowed if hosts register with the city. Hosts must also commit to being physically present in the home for the duration of the rental, sharing living quarters with their guest. More than two guests at a time are not allowed, either, meaning families are effectively barred.
Like what, exactly? If you can't afford a fire alarm or sprinkler system, you really shouldn't be running a rental business. Hell, if you can't afford a fire alarm, you have much bigger problems than whether or not you can rent a room to a stranger.
.....which makes you a business. You're making income from rentals. A landlord who has 500 units but can't seem to fill them but once or twice per year for a weekend doesn't suddenly stop being a landlord. And if they told me "I'm just supplementing my income" in order to get around installing fire alarms, I'd laugh in their face.
If you're providing a commercial service to strangers, you should be able to ensure their safety, full stop. If you can't afford to do that, you can't afford to provide the commercial service.
What a cockamamie take! We're not kicking these people out of their homes by forcing them to follow simple rules to ensure they don't burn families of random strangers in a raging inferno. They're still free to....y'know....have and live in their home.
I find this viewpoint fascinating. Like arguing that trying to put out a burning building will hurt poor people trying to keep warm.
The housing market as a whole is the problem, one which AirBnB is exacerbating. That it locally enriches those renters able to find people willing to rent out their homes -- which I'm guessing is disproportionately going to be people without elderly family members & kids -- doesn't mean it isn't detrimental to the housing market as a whole, particularly at the lower end, and to everyone who rents.
If they can't afford to sit on multiple empty houses due to increased AirBnB regulations, then they can always sell some of those assets back into the market. In fact, that's the point of the regulation :P
The idea of some poor landlord barely scraping things together because their 50 rental properties (and thus millions of dollars worth of assets) are less profitable is preposterous
Judging by how hard they are attacking this thread (seriously like half the comments are them), I am going to say yes. I don't believe them denying it.