New York law on Airbnb sparks mixed reactions

The Manila Times

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.  Video by AFP  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe    Visit our website at https://www.manilatimes.net    Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion    Subscribe to our Digital Edition - https://tmt.ph/digital    Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Stitcher: https://tmt.ph/stitcher Tune In: https://tmt.ph/tunein   #TheManilaTimes #Newyork #Airbnb

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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.

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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.

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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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