ashton kutcher

Celebrities, Policy, real estate trends

In June, both houses of the NYC legislature passed a bill that would impose fines of up to $7,500 on advertisers of illegal short-term Airbnb rentals. Current state law dictates that an apartment can’t be rented out for less than 30 days if the lease holder isn’t present, and a recent report estimated that 56 percent of the site’s 2015 listings fell into this category. Though the law has been this way since 2010, it has yet to be seriously enforced. But ahead of the Governor’s January deadline to sign the bill into law, big names in the tech sector, including actor, venture capitalist, and Airbnb investor Ashton Kutcher, are asking Cuomo to veto the bill.

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