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This Is the True Scale of New York’s Airbnb Apocalypse (www.wired.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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This Is the True Scale of New York’s Airbnb Apocalypse::A law meant to crack down on short-term rentals in New York City took effect Tuesday. Thousands have dropped off the map, but there are still hosts offering bookings that may break the law.

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[–] Zrybew@lemmy.world 82 points 1 year ago (3 children)

The gist to it:

70% drop in short-term Airbnbs after the law's enforcement.

Approximately 15,000 listings disappeared between August 4 and September 5.

Long-term listings (30 days or more) increased by about 11,000.

Long-term listings are exempt from the new registration law.

[–] huginn@feddit.it 7 points 1 year ago

We'll see how many of those long term listings keep around vs selling out from not being profitable.

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