City Council Holds Hearing on Illegal Short-Term Rentals

On Jan. 20, the City Council’s Housing and Buildings Committee held a hearing to discuss various matters related to short-term apartment rentals, especially those listed through Airbnb, the pioneering home rental service. New York has emerged as Airbnb’s largest market. The company says it has 25,000 active hosts in the city and is waging a perception campaign against the idea that its service is exacerbating the housing shortage in New York.

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