NYC could lose 10,000 Airbnb listings due to new short-term rental law

An anonymous reader quotes an NPR report: A new short-term rental registration law proposed by the administration of New York City Mayor Eric Adams could remove thousands of Airbnb listings from the market next month. the new measure, which goes into effect in January, will require Airbnb hosts to register their short-term rentals in the city’s database, including proof that the hosts themselves reside there and that their listing meets local privacy requirements. zoning and security. If Airbnb hosts don’t comply, they could face $1,000 to $5,000 in penalty fees. 133488

Christian Klossner, executive director of the city’s Office of Special Enforcement, told the New York Daily News he expects to see 10,000 listings disappear after the new regulations take effect. “Every illegal short-term rental in our city represents a housing unit that is not available to real New Yorkers,” New York State Senator Liz Krueger said in July, following the announcement of the trial. “In the midst of a current affordable housing crisis, every unit matters.” There are nearly 40,000 Airbnb listings in New York City alone, according to InsideAirbnb, which tracks those numbers. More than half of these listings, according to the database, are for an entire house or apartment. An Airbnb spokesperson said the new regulations would hurt average New Yorkers who are struggling to keep up with rising costs.

“Airbnb agrees that regular New Yorkers should be able to share their homes and not be targeted by the city, and we urge the administration to work with our host community to support a regulatory framework that helps responsible hosts and targets illegal hotel operators,” Nathan Rotman, regional public policy manager for Airbnb, said in a statement to NPR on Wednesday.

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