People are listing short-term rentals on social media and lesser-known platforms, bolstering a rental black market in New York City.
New York’s Airbnb Ban Is Descending Into Pure Chaos::People are listing short-term rentals on social media and lesser-known platforms, bolstering a rental black market in New York City.
Make sure you keep in mind that Conde Nast (the parent company of Wired) has subsidiary companies running articles like "35 Best Airbnbs Near New York City, From Cozy Cabins in the Catskills to Beachy Houses in the Hamptons"[1]. They likely have indirect or direct financial ties to AirBnB.
So this article that is seemingly trying to present an argument that this regulation isn't working because a black market has emerged, while giving more space in the article to small landlords and AirBnB's CEO and their defence than to critics of AirBnB, as well as mentioning hotel prices rising but not how AirBnB has caused rental prices to rise... should give you pause about the bias this article is trying to hide.
The headline is alarmist nonsense that is absolutely not supported by the facts presented. There are no numbers given for how many rentals are being listed on alternate sources. The numbers for listings marked as exempt on AirBNB certainly suggest that the ban is working exactly as intended. Yes, hotel prices will go up, obviously. That's not something that anyone is surprised to hear. The rest is just anecdote presented as data. There's no "chaos" here, just life being life.