New York law on Airbnb sparks mixed reactions
New York law on Airbnb sparks mixed reactions
New Yorkers have mixed feelings about a new city law banning short-term rentals, such as Airbnb. The law only allows rentals for 30 days or more if the host lives on-site. Some see it as necessary, while a business traveler finds it puzzling. This law aims to alleviate housing shortages in a city where rents average $5,000 per month.
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New Yorkers have mixed feelings about a new city law banning short-term rentals, such as Airbnb. The law only allows rentals for 30 days or more if the host lives on-site. Some see it as necessary, while a business traveler finds it puzzling. This law aims to alleviate housing shortages in a city where rents average $5,000 per month.
Video by AFP
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Transcript
00:00 [BLANK_AUDIO]
00:10 I think it's probably necessary.
00:20 The housing is totally unaffordable in New York.
00:23 And I don't think the solution is ever just introducing more housing stock, but
00:27 certainly taking tons and tons of units off of the market is a problem.
00:32 >> It really makes no sense.
00:35 I mean, this is one of the most populated travel destinations in the world.
00:40 So it doesn't make any sense to me at all.
00:42 I mean, I come up from Birmingham, Alabama about five times a year.
00:46 So I'm always looking for options and hotel rooms are outrageous these days.
00:50 [BLANK_AUDIO]
01:18 >> It's hard enough right now to find a place for
01:21 us New Yorkers out here to live now.
01:23 And so it's a good thing, definitely, for sure.
01:26 [BLANK_AUDIO]
01:28 >> Airbnb's have become something that is so far, I think,
01:32 from kind of the original appeal of Airbnb's,
01:35 that they are not serving their communities.
01:38 And they're not even serving travelers anymore, right?
01:40 Like the experience of going to an Airbnb is not the same that it was when
01:45 the system first started.
01:47 I think that travelers know that, and I think that locals understand the impact
01:50 that Airbnb is having in their communities, and it's absolutely not sustainable.
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