Concerns that short-term rentals on platforms such as Airbnb are driving up long-term rents in major cities have led some governments to ban or otherwise impose restrictions.However, a New York City study found that short-term rentals do not have They are the biggest contributor to high rents, especially for the most vulnerable sections of urban residents. Given the benefits of short-term rentals, a ban is an inappropriate solution.
Over the past decade, cities around the world have seen rising housing prices and rents and an influx of tourists. Over the same period, more travelers are turning to short-term rentals made possible by digital platforms like Airbnb and VRBO. This convergence of trends has led residents to blame Airbnb for rent increases and politicians to pass laws restricting the availability of short-term rentals. Laws regarding short-term rentals vary, with the strictest being an almost complete ban. That’s the case in New York City. Local law 18 Currently, hosts must register with the city, stay at their residence while hosting, and host up to two travelers.