December 18, 2015
…City officials admit that part of the reasoning behind the legislation is to provide competition with Airbnb, the website that allows people to rent their homes and apartments for short-term use. They worry that Airbnb lowers affordable housing availability across the city, as landlords rent units through Airbnb rather than make them available to traditional renters for the long term…
Source: http://www.amny.com/news/editorial-add-hostels-to-mix-of-nyc-tourist-lodgings-1.11245173
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