New York City begins tough crackdown on Airbnb listings

New York City's new ordinance, Local Law 18, requires all short-term-rental hosts, including those on Airbnb, to be registered, live in the rental, be present during guests' stay, and host only two guests at a time, likely causing a significant decrease in the number of Airbnb listings.

marketwatch.com

Relevant topic timeline:

9/4/2023

Thousands of NYC Airbnb listings face removal as city drags feet over...

Thousands of Airbnb rentals in New York City may be delisted due to the city's failure to verify new regulations, leaving hosts uncertain and potentially facing fines of up to $5,000.

9/4/2023

New rule to take effect for NYC's short-term rentals

Starting Tuesday, New York City's new law requiring landlords to register with the city in order to maintain their listings on Airbnb, Vrbo or similar sites is set to nullify thousands of short-term rental listings and could result in fines of up to $5,000 for violators.

9/6/2023

New York City’s crackdown on Airbnb and short-term rentals goes into effect

New rules in New York City require short-term rental hosts to register with the city government, with fines ranging from $1,000 to $5,000 for violations, in an effort to crack down on illegal listings and protect travelers from unsafe accommodations.

9/10/2023

NYC Cracks Down on Airbnb with New Host Registration Law

New York City is enforcing a host registration law to eliminate illegal short-term rentals, a move that Airbnb claims will severely affect its hosts but other cities have also enforced similar laws while Airbnb listings persist.

9/13/2023

New York's Airbnb Crackdown Drives Short-Term Rentals Underground

New York City's restrictions on Airbnb and other short-term rental platforms have led to the emergence of a black market for rentals, with hosts resorting to informal methods such as Craigslist and Facebook Marketplace to attract guests and arrange payments. Despite the regulations, hosts find ways to continue renting out their properties and earning income through alternative avenues.

9/15/2023

NYC Airbnb Crackdown Leads to Listing Decline, But Housing Market Impact Unclear

The decline of Airbnb due to new restrictions in New York City has raised concerns that it could lead to a collapse in the American housing market, according to financial guru Robert Kiyosaki, who also sees it as a potential financial opportunity for investors and homebuyers.

Topics

Posted 9/5/2023, 6:41:00 PM

New York City begins tough crackdown on Airbnb listings

marketwatch.com

Relevant topic timeline:

9/4/2023

Thousands of NYC Airbnb listings face removal as city drags feet over...

Thousands of Airbnb rentals in New York City may be delisted due to the city's failure to verify new regulations, leaving hosts uncertain and potentially facing fines of up to $5,000.

9/4/2023

New rule to take effect for NYC's short-term rentals

9/6/2023

New York City’s crackdown on Airbnb and short-term rentals goes into effect

9/10/2023

NYC Cracks Down on Airbnb with New Host Registration Law

9/13/2023

New York's Airbnb Crackdown Drives Short-Term Rentals Underground

9/15/2023

NYC Airbnb Crackdown Leads to Listing Decline, But Housing Market Impact Unclear