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NYC's short-term rental ban slashed Airbnb listings. A year later, it's unclear if it's made housing more affordable. Eliza Relman,Dan Latu. October 16, 2024 at 11:58 AM.
Airbnb, citing data from Apartment List, said vacancy rates for apartments in New York City have remained virtually unchanged at 3.4% since the law took effect. The company also said the cost of ...
Critics of a New York City law say it acts as a "de facto ban" on short-term rentals. Leaders say the rules are needed amid a housing shortage. New short-term rental rules might make booking ...
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
The 13-building complex consists of 11 housing cooperative structures, one rental apartment building, and one short-term hotel, which collectively house 5,000 people. Most of Tudor City's buildings are arranged around 41st and 43rd Streets, which slope upward east of Second Avenue; the eastern ends of the two streets are connected by Tudor City ...
Failure to provide these may allow the tenant to receive a lower rent. [4] Outside of New York City, the state government determines the maximum rents and rate increases, and owners may periodically apply for increases. In New York City, rent control is based on the Maximum Base Rent system. A maximum allowable rent is established for each unit.
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