Research by affordable housing advocacy groups finds more than 55% of listings in city on Airbnb are illegal, and 30% are listed by commercial hosts.
News Story (New York)
Nicky Woolf
Guardian
June 27, 2016
Tags: Housing
Organizations mentioned/involved: Mobilization for Justice (New York City)
News Story (New York)
Nicky Woolf
Guardian
June 27, 2016
Tags: Housing
Organizations mentioned/involved: Mobilization for Justice (New York City)
DETAILS
Short-term rental companies like Airbnb are flooding New York City’s housing market, reducing available housing stock citywide by 10%, a new study has revealed.
More than 55% of rooms or apartments listed on Airbnb in New York are illegal, according to the report, which is the result of research commissioned by two affordable housing advocacy groups: Housing Conservation Coordinators and MFY Legal Services.
The report focused on what it called “impact listings”, defined as entire home or apartment listings rented out illegally by commercial hosts, either multiple units for at least three months a year or single listings rented for at least six months a year.