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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.
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. [1]
Living spaces. Single-room occupancy (SRO) is a form of housing that is typically aimed at residents with low or minimal incomes, or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. [1] SRO units are rented out as permanent residence and/or primary residence [2 ...
Hostel. A hostel is a form of low-cost, short-term shared sociable lodging where guests can rent a bed, usually a bunk bed in a dormitory sleeping 4–20 people, [2] with shared use of a lounge and usually a kitchen. [3] Rooms can be mixed or single-sex and have private or shared bathrooms. Private rooms may also be available.
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 ...
The average rent for a 700-square-foot apartment in New York City is more than $4,700, according to RentCafe, and only 1% of apartments are less than $2,000 per month. By comparison, the average ...
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