NYC's Rules One Year Later: Higher Prices for Travelers, No Housing Impact
September 03, 2024
September 03, 2024
AUSTIN, Texas, Sept. 3 -- Airbnb, a community-driven hospitality company, issued the following news release:
One year after passage, New York City's unprecedented short-term rental regulations have failed to deliver on their promise to combat the housing crisis. In the wake of stringent measures, consumers are instead facing all-time high hotel prices and residents facing all-time high rents.
New data underscores the consequences of Local Law 18 (LL18), an outlier when . . .
One year after passage, New York City's unprecedented short-term rental regulations have failed to deliver on their promise to combat the housing crisis. In the wake of stringent measures, consumers are instead facing all-time high hotel prices and residents facing all-time high rents.
New data underscores the consequences of Local Law 18 (LL18), an outlier when . . .