The rules are changing drastically in New York regarding Airbnb rentals of less than 30 days.
Travelers who wish to spend a few days in New York often opt for a rental via the Airbnb collaborative platform. It actually offers cheaper prices than hotels. It will now be more complicated to rent such a propertyfor a short stay like a city trip. Strict new rules are coming into effect.
Beginning September 5, New York City will implement the Short Term Rental Registration Law, which requires hosts to register their accommodation with a city mayor’s office, l’Office of Special Enforcement (OSE). “You cannot rent an entire apartment or an entire house to visitors for less than 30 days, even if you own or live in the building. This applies to all permanent residential buildings”indicates the site of the OSE.
Two options will be available to people who rent their property through Airbnb, comment the site French Morning. Or they will have to be present in the accommodation during the travelers’ stay of less than 30 daysand can only rent to two people maximum. Or they can rent their entire accommodation for a period of more than 30 days. What amounts to a “de facto ban on short-term rentals”, according to the Airbnb housing rental platform. Hotels, boarding houses and bed and breakfasts that have a class B status will still be able to be rented for a short period.
A blow for Airbnb
Airbnb took legal action to prevent the application of these rules, but lost its lawsuit, after a long legal battle. It is a blow for the American company whose profits are likely to suffer but also for tourists while New York is one of the most visited cities in the world.
“New York’s new short-term rental rules are a major blow to the tourism economy and the thousands of New Yorkers and small businesses in the suburbs that rely on home-sharing and tourism dollars to make ends meet. The city is sending a clear message to the millions of potential visitors who will now have fewer options when visiting New York City: you are not welcome »said Theo Yedinski, global policy director at Airbnb, in a press release.
Impact on rental supply
US media expect a considerable impact on the supply of goods rented which should be reduced to a trickle. According to Wall Street Journal, “entire city blocks” could suddenly disappear from the booking site. Historically black neighborhoods, in particular, have fallen prey to professional corporations buying homes to turn into Airbnb rentals over the past 10 years, the local outlet investigated. Gothamist. « People used to buy houses in Bedford-Stuyvesant (Bed-Stuy) to live there with their families, but because of Airbnb it’s a constant coming and going of peoplees“, declares a resident of one of these districts to the New York media.
The Mayor of New York hopes through this regulation that these units are returning to the apartment market for New Yorkers and that it alleviates real estate pressure in these different boroughs (districts) become unaffordable.
2023-09-04 15:32:22
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