Airbnb may crack down on multiple-home renters
It says it will bar those who violate New York regulations three times, and is ready to create a registry of hosts
AIRBNB said it was willing to crack down on individuals in New York City who rent out multiple homes, bowing to pressure from politicians and tenants' rights groups who say the company has worsened affordable housing issues in the city.
The company also said, in a proposal to city officials on Wednesday, that it was willing to create a registry of hosts to make it easier for the state to enforce housing rules and that it would create a dedicated hotline for neighbours' complaints. It would bar hosts who violated local regulations three times, and it said it had already taken 3,000 commercial operators off its service.
Airbnb has had an unusually contentious relationship with New York. The company's attempts to court local support alienated a broad array of powerful interest groups, including hotel unions, landlord…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions
In San Francisco, a home renovation can become a battle royale
Country Garden extends bonds to avoid first local default
Daughter of Chinese steel-and-nickel tycoon picks up S$84 million Bin Tong Park bungalow