- cross-posted to:
- worldnewsnonus@lemy.lol
- cross-posted to:
- worldnewsnonus@lemy.lol
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I’m sure there are downsides I am not thinking of, but let’s all do this posthaste
NYC did this. I haven’t heard any follow up on housing prices falling though. I’m still hoping it’ll help longer term, but I feel like the market won’t allow for prices to immediately self correct. Who knows though, but it’s been almost a year.
Looks like there’s still “over 1000” available, so maybe it’s not enforced or there’s some sort of loophole.
Relevant guardian article about it: https://amp.theguardian.com/us-news/2024/apr/25/new-york-airbnb-short-term-rentals-sublets