How Will York City Hotels Benefit From A New Law?
Hundreds of New Yorkers, like others nationwide, have been making a few extra dollars by using sites such as AirBnB, Crashpadder, Roomorama, and Craigslist to sublet pullout sofas, living rooms, and whole apartments. But that may end soon. This week, New York state senators vote on a bill that would make it illegal for any homeowner or renter to sublet for less than a month. The new law would be a blanket ban on short-term rentals no matter how ethical the renter is. (It’s always been illegal to violate co-op leases and condominium bylaws.) This proposed law is bad news for any budget traveler visiting New York City and renting one of the 3,000 spaces that go for much (much) less than the nightly rate at hotels. Cheap digs may be history.
