Victor Luciano of the Bronx used to list the upper floor of his townhouse on Airbnb. Now, he only lists one room (pictured) and rents the upper floor to tenants, which combines for less income than he used to make on Airbnb alone.
Photo courtesy Victor Luciano
For those traveling to NYC for the holidays, finding an affordable place to stay will likely prove challenging. Hotel prices averaged $301 per night in 2023, and given the city’s new restrictions on short-term stays in people’s homes, there are fewer alternatives on Airbnb and other booking websites.
About a year has passed since enforcement of Local Law 18 of 2022, known as the Short-Term Rental Registration Law, took effect — and Airbnb says the restrictions are costing Bronx families valuable income and cutting into travelers’ options while failing to improve the housing…
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