Under the new restrictions, short-term renters will need to register with the city and must be present in the home for the duration of the rental
Home-sharing company Airbnb said it had to stop accepting some reservations in New York City after new regulations on short-term rentals went into effect.
The new rules are intended to effectively end a free-for-all in which landlords and residents have been renting out their apartments by the week or the night to tourists or others in the city for short stays. Advocates say the practice has driven a rise in demand for housing in already scarce neighbourhoods in the city.
About Author
More Stories
Revisited: a new approach to quitting smoking; how to stop people-pleasing; and why do we have the dreams we do? – podcast
Quitting smoking may be easier with a smartwatch app, researchers say
Meta is killing off its own AI-powered Instagram and Facebook profiles