The 2010 legislation that forbids some properties from being listed on sites like Airbnb–whole apartments without the original tenant present, for example–was just given more firepower. WSJ reports that both houses of the New York City legislature just passed a bill stating that advertisers of those illegal short term rentals could be smacked with fines of up to $7,500. According to Assemblywoman Linda Rosenthal, a Manhattan Democrat who sponsored the bill with Staten Island Sen. Andrew Lanza, “This bill will clarify that if you engage in such renting, there will be stiff penalties.”
The city’s fight against Airbnb continues to rage on, and this latest video created by ShareBetter jabs at the home-sharing company’s gross neglect when it comes to preserving much-needed affordable housing. Satirically dubbed “Save the Moguls,” the 60-second spot likens the multi-billion dollar powerhouse to a charity trying to being relief to the anguish that real estate bigwigs face when it comes to sustaining their extravagant lifestyles. “What would you do if you saw a real estate mogul right in front of you, all alone, clearly suffering?” the video posits. “They need your help to keep the sharing economy alive. By renting out just one of the hundreds of apartments and homes they’ve listed on Airbnb, you can join the fight against affordable housing.”
Photo courtesy of Airbnb via Facebook.
Controversial room-sharing startup Airbnb, one of the most visible players in what is being called the “sharing economy,” has recently awakened the innovation vs. regulation argument in all the usual ways–and a few new ones, including the accusation that these short-term rentals are depleting the already-scarce affordable housing stock in pricey metro areas like San Francisco and New York City.