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Wired

New York Cracked Down on Airbnb One Year Ago. NYC Housing Is Still a Mess

Wired
Summary
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80% Informative

One year ago , New York enacted a law that barred most whole-apartment rentals for short-term stays on platforms like Airbnb .

Airbnb fought New York’s Local Law 18 in court, calling it a “de facto ban” on the platform, but failed to block it.

Since then, the number of stays under 30 days has plummeted in the city.

In the city, rent prices remain high and housing availability low.