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Airbnb bookings dry up in New York as new short-stay rules are introduced
(www.theguardian.com)
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this post was submitted on 06 Sep 2023
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They are trying to address housing shortages. The hotels might benefit, but so does everyone else because it effectively bars commercial operation of AirBnB. No landlords with 50 units etc.
Really to drop housing prices you have to address the secondary mortgage market. More supply is a band aid.