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Airbnb bookings dry up in New York as new short-stay rules are introduced
(www.theguardian.com)
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this post was submitted on 06 Sep 2023
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Damn this seems like a hot take given the comments but I think these rules are dumb. If I go on a two week vacation somewhere else I should be able to rent out my place for those two weeks. The issue isn't AirBnB as a whole, it's people buying up places for the express intention of only using it for AirBnB,
There should be some cap on often a place can be used for short term rentals like 4 weeks out of the year, enough that people who vacation somewhere else can use AirBnb and low enough that it makes more financial sense for people to rent it out long term instead of short.
There should be a cap to how many buildings a person or a company can own. Why a person can have more than 3 homes? In the current world, this does not make any sense.
100% agree and while at it I don't think any single family homes or rowhouse/townhouses should be owned by corporations. Apartments and such I can understand the building owned by a management company that only does long term rentals but otherwise homes should be owned by people.