The city of Richmond, VA just went through a long process of voting over short term rentals (STRs) this past fall. We set a rule that the owner had to occupy the dwelling at least half the year - meaning they could only rent it out 180 days of the year.
I felt like this was a good compromise bc it allows STRs by individuals, while not allowing companies to come in and buy up a lot of housing specifically for STRs, which just makes our housing crisis worse. All of the realtors and corporate rental folks were against the 180 day rule.
Richmond learned from other cities like New Orleans, that don’t have any restrictions, how much of a mess it can make of the neighborhood: loss of community, loss of housing, etc.
I can see what NYC is trying to do, but I think they’ve taken it a bit too far by requiring the owner to be there during the rental. I know when we’ve used Airbnb in Europe, we want the privacy of an entire unit. This NYC restriction kills that.
I can understand not wanting housing stock to be converted to de facto hotels when housing is short supply, but then why ban hotels, which compete with conversions?
The city of Richmond, VA just went through a long process of voting over short term rentals (STRs) this past fall. We set a rule that the owner had to occupy the dwelling at least half the year - meaning they could only rent it out 180 days of the year.
I felt like this was a good compromise bc it allows STRs by individuals, while not allowing companies to come in and buy up a lot of housing specifically for STRs, which just makes our housing crisis worse. All of the realtors and corporate rental folks were against the 180 day rule.
Richmond learned from other cities like New Orleans, that don’t have any restrictions, how much of a mess it can make of the neighborhood: loss of community, loss of housing, etc.
I can see what NYC is trying to do, but I think they’ve taken it a bit too far by requiring the owner to be there during the rental. I know when we’ve used Airbnb in Europe, we want the privacy of an entire unit. This NYC restriction kills that.
I can understand not wanting housing stock to be converted to de facto hotels when housing is short supply, but then why ban hotels, which compete with conversions?