Comptroller Reports on Airbnb’s Impact on Rents, Regulation Looms

May 22, 2018
| Share | Print

New York City Comptroller Scott Stringer recently issued a report detailing Airbnb’s effect on housing affordability from 2009 to 2016. The report says that when people put up their apartments for short-term stays, they are basically removing them from the rental market, lowering the housing supply and increasing the price of units that are still available. Among the Comptroller’s findings:

Full Article Access:

Full access to complete articles from New York Apartment Law Insider is for subscribers only.

Not yet ready to subscribe?