(p. A1) Thousands of New York City Airbnb listings are vanishing from the market.
Hosts are removing listings in response to a city-mandated deadline, and Airbnb is blocking future dates for booking. Starting Sept. 5 [2023], city officials say they will enforce rules on short-term rentals more aggressively.
Hosts of short-term rentals need to register with the city to continue providing stays, and can only do so if they meet several requirements. These include not renting out an entire apartment or home, even if they own it. Hosts also must be present during their guests’ short-term stays.
Airbnb has called the rules, which took effect earlier this year, “a de facto ban on short-term rentals.”
New York and companies like Airbnb have long duked it out over short-term rental regulations. Hosts say this time feels different. Many are taking their properties off the market. Some are considering whether they can afford to live in their units without the extra income. Guests are finding fewer options for short-term rental stays after Sept. 5 [2023].
For the full story, see:
(Note: bracketed years added.)
(Note: the online version of the story has the date August 21, 2023, and has the title “Airbnb Hosts, Guests Scramble as New York Cracks Down.”)