Ny Enacts Restrictions On Airbnb, With Fines Of Up To $7,500

Supporters of the measure say many property owners use sites like Airbnb to offer residential apartments as short-term rentals to visitors, hurting existing hotels while taking residential units off the already expensive housing market in New York City. "In typical fashion, Albany backroom dealing rewarded a special interest — the price-gouging hotel industry — and ignored the voices of tens of thousands of New Yorkers," said Josh Meltzer, Airbnb's head of public policy in New York. Airbnb mounted a last-minute campaign to kill the measure and this week proposed alternative regulations that the company argued would address concerns about short-term rentals without onerous fines. An investigation of Airbnb rentals from 2010 to 2014 by the office of state Attorney General Eric Schneiderman found that 72 percent of the units in New York City were illegal, with commercial operators constituting 6 percent of the hosts and supplying 36 percent of the rentals.

Topics:  albany   josh meltzer   attorney general eric schneiderman   airbnb   york   an   fines   rentals   percent   units   city   residential   short-term   measure   

 

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