Get the latest tech news
6 Months After New York Banned Airbnb, New Jersey Is Doing Great
New York placed strict restrictions on short-term rentals last year. Rents still remain high, and some former hosts are frustrated. Meanwhile, Airbnb rentals in New Jersey are booming.
The policy was intended to free up apartments in America’s most congested city to become homes for long-term New Yorkers, instead of housing rotating out-of-town guests that bring noise, trash, and worse. The city has not yet issued any fines to people for renting out their apartments illegally, as it is still working on compliance, according to Christian Klossner, executive director of the Mayor’s Office of Special Enforcement, which oversees the licensing process. “In the six months since New York City’s short-term rental rules went into effect, we’ve seen travelers facing record hotel prices and former hosts struggling with loss of income—but we have seen no improvement in housing costs," Nathan Rotman, Airbnb's Northeast policy lead, tells WIRED.
Or read this on Wired
