Rise and fall of a New York Airbnb empire - News Summed Up

Rise and fall of a New York Airbnb empire


The crackdown on the empire last month was a milestone in the escalating battle between Airbnb and New York City — the company’s largest market in the country. An undated handout screenshot of the Airbnb listing for an apartment at 78 East 119th St, in East Harlem. Handout via The New York TimesNew York regulations are supposed to keep apartments from being pulled out of an already tight rental market to cater to the tourist trade. 200 East 116th St, in Harlem, where apartments were illegally offered through Airbnb, city officials said, on Jan 28, 2019. Chang W Lee/The New York TimesThey also provided Airbnb with incorrect or incomplete addresses for apartments to avoid scrutiny, according to the city’s lawsuit.


Source: bd News24 February 24, 2019 09:56 UTC



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