There are some things you can always count on here in New York: alternate side of the street parking, the subways always running (except when they’re not, like late nights and weekends), the Yankees making the playoffs (except when the Mets do) and landlords and tenants being diametrically opposed. Like Superman and Kryptonite, oil and water, landlords and tenants have always had one thing in common – a mutual distrust of one another.
That is … <Read More>
Elected officials and affordable housing activists unite at State capitol in support of the legislation. On February 24, 2016, 300 members and supporters of the Share Better coalition rallied at the State capitol in support of Assembly Bill A08704, which would ban most online listings advertising rental apartments for less than thirty days per renter. Bill A08704 was proposed to the State Assembly approximately one month after a report was released to the public that … <Read More>
The proposed laws seek to enforce existing State regulations by increasing illegal hotel fines and reporting requirements. On October 30, 2015, the City Council Committee on Housing and Buildings heard testimony on three proposed laws that seek to ramp up enforcement of state laws that prohibit the operation of illegal hotels. The proposed legislation would regulate only those residential units located in multiple-dwelling buildings—not one- to four-family homes. The proposed legislation is intended to address … <Read More>
[The following guest commentary is a response to Airbnb’s commentary published here.]
New Yorkers are facing a growing affordability crisis, and over the years my office has examined many factors that have proven to contribute to the burden of rising prices – including, most recently, a report on the impact of Airbnb on New York City rental prices.
On April 2018, New York City Comptroller Scott M. Stringer issued a report on the impact of Airbnb on City rents. The report looked at how the home-sharing company impacted rent in the City over the period of 2009 to 2016. The report found that rental rates increases during this time period can be attributed to Airbnb.