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New York Cracked Down on Airbnb One Year Ago. NYC Housing Is Still a Mess
The city’s short-term stay law was meant to lower rents and open up apartments for full-time residents. Critics claim the data shows it’s not working.
Since then, the number of stays under 30 days has plummeted in the city, but Airbnb is raising questions about whether the lawmakers’ stated goals—lowering rents and opening up apartments for full-time residents—have been achieved. Yedinsky says Airbnb is calling for New York to let people rent out their full primary residence when they’re away for short periods of time, and to undo a regulation mandating that there be no locks on internal doors in under-30-night stays. Some neighborhoods in surrounding boroughs have seen the number of short-term rental listings drop by 90 percent since the law took effect, according to data analytics firm AirDNA.
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