- Airbnb is fighting new rules in NYC that make it illegal for residents in buildings built for 3+ families to advertise their entire building for less than 30 days.
- Hosts can be fined $7,500 for breaking the new rules.
- Since more people are listing properties on Airbnb instead of offering long-term rentals, housing advocates believe the platform has reduced affordable housing.
- NYC is Airbnb’s largest market ($1B annual revenue).
- Airbnb vows to fight the new rules.
Airbnb Is Fighting for Its Life in Its Biggest Market
(10/24/2016)
