Air Banned and Barred: Why New York City's Affordable Housing Crisis Has No Room for Short-Term Rentals

Authors

Wilson Chow

First Page

417

Abstract

In August 2018, New York City passed a law that required short-term rental websites to disclose information about their users who host in the city. Airbnb, the largest short-term rental company, filed suit with hopes of having short-term rentals legalized. The law stems from the city’s efforts to amelioerate its affordable housing crisis. With over 8.5 million residents living in a tight housing market, New York City should not allow home owners or rental tenants to commercialize their property into de facto hotels that will likely provide accommodations to tourists. This Note will examine the recent law’s impact on New York City’s housing market. This Note will also argue that the recommended approach to help deal with New York City’s housing crisis is not to regulate Airbnb but to outright prohibit it.

Recommended Citation

Wilson Chow, Air Banned and Barred: Why New York City's Affordable Housing Crisis Has No Room for Short-Term Rentals, 13 Brook. J. Corp. Fin. & Com. L. 417 (2019).
Available at: https://brooklynworks.brooklaw.edu/bjcfcl/vol13/iss2/4