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- cross-posted to:
- [email protected]
Under the new restrictions, short-term renters will need to register with the city and must be present in the home for the duration of the rental
Home-sharing company Airbnb said it had to stop accepting some reservations in New York City after new regulations on short-term rentals went into effect.
The new rules are intended to effectively end a free-for-all in which landlords and residents have been renting out their apartments by the week or the night to tourists or others in the city for short stays. Advocates say the practice has driven a rise in demand for housing in already scarce neighbourhoods in the city.
Under the new system, rentals shorter than 30 days are only allowed if hosts register with the city. Hosts must also commit to being physically present in the home for the duration of the rental, sharing living quarters with their guest. More than two guests at a time are not allowed, either, meaning families are effectively barred.
Isn’t this contradicting yourself already?
Some people own more than one house, and perpetually rent those properties out via sites like Airbnb.
So we have:
Buying a property that you don’t intend to live in, so that you can rent it out to other people as a short term let.
Buying a property that you live in, and occasionally renting out a spare room as a short-term let while you continue to occupy the property.
These are not the same.
They literally say “Houses should be used by home owners as they see fit a long as it isn’t endangering anyone.” but “Houses shouldn’t be purchased as an investment to solely be used as hotels.” which isn’t what you are saying there.