NYC Airbnb New Regulations, Will BA follow?

Rich One

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New York City is cracking down on illegal short-term rentals in a move that will limit the amount of Airbnb-style offerings in the city.

The Short-Term Rental Registration Law, which passed in 2022 and established a litany of rules required to register as a short-term rental, will start being enforced on Sept. 5, The Associated Press reported.

 
I just rented an apartment for over 30 days and was also requested to sign a digital NY rental agreement of several pages.
 
Nope. Buenos Aires won't ever stop Airbnb. What I actually think they should do is tax owners automatically and give it to the city. Mexico started this earlier this year and although painful having to pay more taxes, most of it is charged to the rental guests but some income tax has to be paid now. Mexico put an even bigger tax if you didn't input your tax ID number. If you put it in, the tax goes down. But all the rental guests are paying the same taxes as hotel. So there is an additional surcharge of like 19% in most cities in Mexico. But it goes straight to the government.

If anything, if Milei gets elected probably there will be more Airbnbs than ever. It would be insane to have to rent your apartment for 3 years under the current law. That's why there are only around 900 long-term rentals available out of a city of 3,000,000 people. It will go down to zero rents soon.

Milei should actually come up with a plan that would be easily to implement that would automatically get revenue. Things like forcing Airbnb to charge X% right on every booking would be an easy fix.
 
Great. Western socialists with no understanding of the markets is just what Argentina needs 🤣. Airbnb and short term rentals are NOT the root of the issues.
I agree. Airbnb isn't the issue. It's the crazy idiotic laws the government created. It makes it so NO owners want to rent out their properties for fair market rents. You have to look at it from both sides. Not just the tenants but also the owners. A compromise has to be reached at both ends.

Actually I think that they need to change the laws with tenants as well. It's too difficult getting someone out that stops paying. And the system of getting someone to co-sign for you and be a guarantor only that owns a property is antiquated.

Someone needs to think totally outside of the box here. Maybe instead of fighting with Airbnb like many other cities, Milei does something pro-business and tries to work with them to structure some good system for long-term rents as well where both sides are getting protected. There is a way it can be done with a rework of the existing laws.

You gotta start somewhere but no way Airbnb is to blame for this. I know lots of people that would rather keep their place empty vs. doing a long 3 year lease in pesos. They would be happy working out some reasonable lease but not this one. Let's hope the Senate passed the amendment.
 
I agree. Airbnb isn't the issue. It's the crazy idiotic laws the government created. It makes it so NO owners want to rent out their properties for fair market rents. You have to look at it from both sides. Not just the tenants but also the owners. A compromise has to be reached at both ends.

Actually I think that they need to change the laws with tenants as well. It's too difficult getting someone out that stops paying. And the system of getting someone to co-sign for you and be a guarantor only that owns a property is antiquated.

Someone needs to think totally outside of the box here. Maybe instead of fighting with Airbnb like many other cities, Milei does something pro-business and tries to work with them to structure some good system for long-term rents as well where both sides are getting protected. There is a way it can be done with a rework of the existing laws.

You gotta start somewhere but no way Airbnb is to blame for this. I know lots of people that would rather keep their place empty vs. doing a long 3 year lease in pesos. They would be happy working out some reasonable lease but not this one. Let's hope the Senate passed the amendment.
I feel that I may trigger some controversy but this is my take.

The perspective I tend to find is that, outside the 1%, there are two classes: those with assets, and those without assets. Those with assets want to sustain a certain quality of life off the passive income of those assets meanwhile those without assets want to pursue a reasonable quality of life without giving away too much of their income acquired from labour.

The key problem with airbnb is that it gives so much leverage to asset owners with no, or negative, consideration of those without assets.

The world will always be an amalgamation of those with assets and those without assets.

I’m a fairly keen airbnb user. I’m aware that my use of airbnb perpetuates the inequality of those without assets yet meanwhile I myself am priced out of assets within my own country for the same reason. It doesn’t make me comfortable nor happy to use the services that airbnb provides but at the same time it’s not an evil thing to exercise geographical arbitrage

Airbnb is a symptom, not a cause but it does indeed supercharge the symptoms. I don’t know what the solution is, but I don’t think you should ever demonise those who work to sustain their livelihood.

I maintain that the root of all problems are those with assets that want to use them to bleed others dry to sustain their luxury though the biggest problem are the 1% who pits subsets of the 99% against each other
 
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