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Did AirBnB Need to Go?
Sep 22, 2023
Guest Heather Tal Murphy, Slate writer covering tech and business, discusses the impact of new laws on short-term rentals in New York City, addressing housing availability and affordability. The podcast explores the consequences of Airbnb on long-term renters and communities, as well as the regulations and implications on short-term rentals in various cities. It also speculates on the future of Airbnb in New York City.
24:49
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Quick takeaways
- New regulations in New York City require hosts to register with the Mayor's Office of Special Enforcement and meet certain requirements to list their properties on platforms like Airbnb, aiming to convert short-term rentals into long-term housing options.
- Cities implementing regulations, such as Santa Monica, San Francisco, and London, aim to address housing affordability and prevent the transformation of long-term housing into short-term rentals.
Deep dives
Impact of New York City's Short-Term Rental Law
The new law in New York City has disrupted the short-term rental industry, particularly for Airbnb hosts. Under the new regulations, short-term rentals are only legal if someone stays for more than 30 days or if the host is present during the guest's stay. This has significantly reduced the number of short-term listings on Airbnb, with many hosts either stopping their rentals or switching to the long-term market. The aim of the law is to free up housing stock and address affordability issues, although the immediate impact on prices is uncertain.
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