“What we don’t need are more speculative investors and private equity firms converting much-needed apartments into a revolving door of short-term rentals for tourists with no stake in our city’s…
It’s been three years since the city began requiring hosts of short-term rentals to register them, an effort to weed out illegal listings which officials say took options away from…
“Short-term rental income was, for many of these families, not a luxury. It was the margin between keeping the house and losing it. Local Law 18 closed that door, and…
“In New York, the hosts most impacted by Local Law 18 aren’t wealthy property magnates. They’re working families who rely on the supplemental income from short-term rentals to make mortgage…
“Undermining the ability of individual homeowners to rent property based on their needs is an imbalanced infringement upon owners’ rights, discourages home ownership, and represents a slippery slope towards government…
‘The current system is confusing and overly restrictive. A teacher should be allowed to rent out her home for a few days when she’s away for the summer, and a…
‘The state and city of New York have instituted policies that threaten to stifle innovation and undermine efforts to grow our economy from the bottom up and from the middle…