Re:I Bought An Apartment To Rent Out On Airbnb
by mahyarm on Friday November 01, 2013 @07:04PM
(#6657125)
So if NYC just made airbnb charge the 5.875% tax, most of their complaints would go away? And by increasing the hotel supply, hotel prices would go down to better match actual long term renting? Then it would create a more liquid housing market enabled by computerized markets? It would still allow casual renting of people's houses that way.
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Re:I Bought An Apartment To Rent Out On Airbnb
by mbreese on Friday November 01, 2013 @07:46PM
(#6657346)
No, their complaints aren't strictly about the missing tax revenue. There are other regulations that would need to be addressed (health, safety, etc...). Hotels are a heavily regulated industry with good reason. Regulations are a protection mechanism to protect the city/neighborhood and the consumer.
I think that there is a clear difference between renting out a room or occasionally renting your entire place, versus keeping a separate apartment strictly for renting out on AirBnB.