09/19/2023

The End of Airbnb in New York

New York City is beginning to enforce restrictions on short-term rentals

Thousands of Airbnbs and short-term rentals are about to be wiped off the map in New York City.

Local Law 18, which came into force Tuesday, is so strict it doesn't just limit how Airbnb operates in the city—it almost bans it entirely for many guests and hosts. From now on, all short-term rental hosts in New York must register with the city, and only those who live in the place they're renting—and are present when someone is staying—can qualify. And people can only have two guests.

Gone are the days of sleek downtown apartments outfitted for bachelorette parties, cozy two- and three-bedroom apartments near museums for families, and even the option for people to rent out their apartment on weekends when they're away. While Airbnb, Vrbo and others can continue to operate in New York, the new rules are so tight that Airbnb sees it as a "de facto ban" on its business.

Please select this link to read the complete article from WIRED.