Airbnb and house-sharing firms reduced New York housing stock by 10% – study
AirBnB:
– “Reducing available housing stock citywide by 10%”
– “More than 55% of rooms or apartments listed on Airbnb in New York are illegal”
– “Entire home or apartment listings rented out illegally by commercial hosts” […] “8,000 units fitting that description, the report says, noting that the landlords or hosts made more than $300m from renting them out short-term.”
– “30% of Airbnb’s listings in New York City were listed by commercial hosts.”
Research by affordable housing advocacy groups finds more than 55% of listings in city on Airbnb are illegal, and 30% are listed by commercial hosts
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