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New York Passes Law to Curb Airbnb Rentals
nytimes.com ^ | OCT. 21, 2016 | KATIE BENNER

Posted on 10/21/2016 3:26:46 PM PDT by Forgotten Amendments

The legislation, which was sent to Mr. Cuomo on Tuesday, spells trouble for Airbnb. New York City is the company’s largest market in the United States. The city’s hosts generated about $1 billion in revenue last year, and the company took a cut of that amount in fees.

On Friday, Airbnb reacted with anger to Mr. Cuomo’s decision.

“In typical fashion, Albany back-room dealing rewarded a special interest — the price-gouging hotel industry — and ignored the voices of tens of thousands of New Yorkers,” said Josh Meltzer, head of the company’s New York public policy.

(Excerpt) Read more at nytimes.com ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS:
As usual "progressives" reflexively reject innovation.

Throw in crony capitalism and phony concern about low income renters and you have a nice socialist gift to lefty fatcats in NYC. Does Trump still have hotels in NYC? If so, he'll profit mightily. Why don't they say that?

1 posted on 10/21/2016 3:26:46 PM PDT by Forgotten Amendments
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To: Forgotten Amendments
So,was it travelocity,or priceline,or Motel 6,or all of the above who kicked in a few coins to various Rat politicians?
2 posted on 10/21/2016 3:29:07 PM PDT by Gay State Conservative (Deplorables' Lives Matter)
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To: Forgotten Amendments

Just one more reason I have New York AFTER Sierra Leone, Karachi, and Kibera of my places to visit.


3 posted on 10/21/2016 3:45:30 PM PDT by Organic Panic (Hillary Clinton, the elderly woman's version of "I dindu nuffins.")
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To: Forgotten Amendments
I can actually see this issue from both sides. It's true that Airbnb is filling a need in the market, but it's also true that it circumvents a lot of perfectly legitimate laws and regulations that apply to the hospitality industry.

It's also worth noting that the housing market in New York City is dominated by rental units and condos/cooperatives, and I suspect Airbnb is probably not permitted to operate in most buildings under the terms of the lease agreements and rules of these building owners/managers.

4 posted on 10/21/2016 3:46:36 PM PDT by Alberta's Child ("Go ahead, bite the Big Apple ... don't mind the maggots.")
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To: Forgotten Amendments

This is Trump’s fault?


5 posted on 10/21/2016 3:55:02 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: SaveFerris

What I mean is, the fact that no one mentions that he will benefit is telltale.


6 posted on 10/21/2016 4:02:10 PM PDT by Forgotten Amendments (Nessie ... Sasquatch ... The Free Syrian Army ...)
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To: Forgotten Amendments

Cuomo is Big Businesses best friend and the enemy of the Middle Class. When will people wake up and realize the Democrats, who say they are got the middle class, are screwing them worse than the Republicans


7 posted on 10/21/2016 4:07:05 PM PDT by realcleanguy
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To: Forgotten Amendments
I don't think Trump will benefit from this very much at all.

For one thing, most of his properties in NYC are mostly high-end condominiums and apartment buildings, not hotels.

Secondly, his hotels are very exclusive "destination" properties. I did a search and found that rooms at the Trump International Hotel in NYC start at $595/night. Guests at hotels like this aren't the kind of people who would be surfing Airbnb for a cheaper alternative.

8 posted on 10/21/2016 4:13:21 PM PDT by Alberta's Child ("Go ahead, bite the Big Apple ... don't mind the maggots.")
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To: Forgotten Amendments

And you thought your property was yours!


9 posted on 10/21/2016 4:24:46 PM PDT by AndyJackson
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To: AndyJackson
And you thought your property was yours!

A lot of people are forgetting who the property belongs to. Near my location, there is a proposition on the ballot to allow tenants to sub-rent out the property without needing the permission of the owner. Combine that with rent control laws used on the landlord, and any sensible person can see the problems. Landlord can't raise the rent, can't evict the tenant, yet the tenant paying low rent can advertise and rent it out at a higher amount and pocket the difference. Liberals are insane. They don't care who owns the property, as long as others can live off it without the hard work that goes into ownership and maintenance. All liberals should just die so we can have some normalcy in life.

10 posted on 10/21/2016 5:03:28 PM PDT by roadcat
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