The relationship between Airbnb and major tourist destinations across the globe seems to be a sometimes one-sided sort of love affair. While customers seem to thoroughly enjoy being able to stay in a cheaper and often trendier spot when they visit somewhere new, the online service has caused some tension in the housing market in these cities.
Back in May the city of Berlin banned Airbnb rentals of full apartments after the average rent price increased by 56 percent over the past seven years, and it looks like NYC might soon follow suit.
The New York Senate recently passed a bill which bans short-term leases in the city. NY’s Governor Andrew Cuomo is currently deciding whether or not to sign said bill. Similar to what recently happened in Berlin, the bill who prohibit creating a listing for an entire apartment with a rental period that’s less than 30 days.
The key word here is “entire.” While this means you won’t be able to scoop up a trendy three bedroom in the West Village for your next girls trip, it might not change much if you’re a solo traveler. If you’re the type who typically just rents a room out of someone’s apartment, that’s still fair game. If this bill becomes law, anyone found violating the new policy could be fined up to $1,000 for the first violation and up to $7,500 for the third.
Soooo, anyone have a good recommendation for a budget hotel in NYC?
(Photo via Getty)