Ahead of IPO, Airbnb achieves profitability for second year in a row

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by bradleyjg on Tuesday January 15, 2019 @09:56PM (#18917903)

> whole-unit rentals totaling less than 90 days per year, as well as shared-unit rentals of any length

The multiple dwelling law does not allow any whole units to be rented for less than 30 days. There’s no exception for less than 90 days in a year total.

From the MDL: A ‘class A’ multiple dwelling is a multiple dwelling that is occupied for permanent residence purposes… ‘Permanent residence purposes’ shall consist of occupancy of a dwelling unit by the same natural person or family for thirty consecutive days or more and a person or family so occupying a dwelling unit shall be referred to herein as the permanent occupants of such dwelling unit.

Per your own link that means 75% of nyc Airbnb revenue is derived from facilitating illegal transactions.

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Re:Ahead of IPO, Airbnb achieves profitability for second ye... by toomanyrichies on Tuesday January 15, 2019 @10:51PM (#18918105)

Yep, I stand corrected about the legality of whole-unit rentals less than 30 days. Looks like I was mixing up NYC and SF laws on that point.

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