Cuomo signs bill prohibiting Airbnb listings in NYC

Re:Cuomo signs bill prohibiting Airbnb listings in NYC by ng12 on Friday October 21, 2016 @06:52PM (#12765593)

NYC already has a rent-stabilization policy -- so generally speaking they don't. In fact, tourism bolsters the local economy which provides jobs for local residents.

I personally disagree with time spent being a metric for who gets to live here and who doesn't but people don't take kindly to that sentiment in the US.

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Re:Cuomo signs bill prohibiting Airbnb listings in NYC by busterarm on Friday October 21, 2016 @10:45PM (#12766809)

Rent Stabilization has been in the process of being phased out since 1970:

- Rent Control simply doesn't exist if you or a relative you co-habitated for years with under special conditions lived there before then.

- Rent Stabilization for a unit ends the moment the stabilized rent hits within striking distance of market rate or the number of stabilized units in-building drops below a threshold. More units deregulate every year than are added and this is true year over year as well (sole exceptions to the latter being in 2014 & 2015).

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Re:Cuomo signs bill prohibiting Airbnb listings in NYC by ceras on Saturday October 22, 2016 @11:29AM (#12769059)

But it's a very slow process: a majority of NYC residents live in below-market-rate housing. And Bill de Blasio's mayor campaign was anchored on preventing "affordable housing" units from leaving the pool, so the rate of decrease may have slowed down.

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