NYC loses 15K unlicensed short-term rentals as Airbnb rule kicks in
-
The number of Airbnb listings in NYC has dropped by 15,000 since a new registration rule took effect on Sept. 5.
-
The rule requires hosts to register with the city to get paid, banning unregistered entire apartment rentals.
-
Airbnb complied by switching many unregistered listings to long-term rentals, which are exempt.
-
Advocates argue sites like Airbnb remove desperately needed housing units, hoping the rule ends illegal rentals.
-
Hosts relying on Airbnb income say the change will make it harder to pay bills.