Crain’s New York – How Airbnb made an enemy of New York’s most powerful trade group

June 24, 2016
The Real Estate Board of New York tired of the company’s inaction as landlords were fined for tenants’ home-sharing. When the politically powerful trade group for the city’s deep-pocketed real estate developers teamed up with hotel industry groups to fight Airbnb last week, sparks flew in Albany. In a last-minute blow to the tech giant, both the Republican Senate and Democratic Assembly passed a bill that punishes absentee tenants who advertise short-term rentals of their units. The bill now awaits Gov. Andrew Cuomo’s signature, and REBNY waits with bated breath….
Source: http://www.crainsnewyork.com/article/20160624/BLOGS04/160629906/how-airbnb-made-an-enemy-of-new-yorks-most-powerful-trade-group