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September 3, 2024 at 4:48 PM. (Reuters) - Airbnb on Tuesday asked New York City to reconsider regulations on short-term rentals that went into effect in September 2023, citing higher prices for ...
The housing shortage in New York is driven by a lack of housing supply. Home construction in New York City lags far behind other major American cities. [4] From 2010 to 2023, housing supply in the city increased by 4% while jobs increased by 22% [4]; however, 973,000 workers commuted into the city from its suburbs as of 2019 [5], as employment ...
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb.
In March 2016, affordable housing advocates in New York City were pleased when a judge ruled that an Upper West Side SRO facility (the Imperial Court Hotel) could not rent out rooms for less than 30 days, a short-term tenure that would favour tourist rentals over lower-income long-term renters. [30] In New York City, some public figures have ...
Critics of a New York City law say it acts as a "de facto ban" on short-term rentals. Leaders say the rules are needed amid a housing shortage. New short-term rental rules might make booking ...
A New York judge on Tuesday dismissed Airbnb's lawsuit against New York City over legislation it called a "de facto ban" against short-term rentals on Tuesday. Justice Arlene Bluth of a state ...
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