Essentially NY City is making short term rentals (rentals < 30 days) illegal for most renters. The only exception is a room without a lock, for up to 2 people, in a residence that has shared living space and is occupied by the owner.
The law in question affects about 60 percent of the market and does not introduce new restrictions -- but rather a beefier enforcement structure for restrictions already on the books.
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See also: https://news.airbnb.com/an-update-about-our-community-in-new...
Essentially NY City is making short term rentals (rentals < 30 days) illegal for most renters. The only exception is a room without a lock, for up to 2 people, in a residence that has shared living space and is occupied by the owner.
Previous discussion: https://news.ycombinator.com/item?id=36154175
The law in question affects about 60 percent of the market and does not introduce new restrictions -- but rather a beefier enforcement structure for restrictions already on the books.