‘We’re in a housing desert’: a month in, is New York’s Airbnb crackdown working?

A new law puts strict limits on how hosts use the site in the city. What does it mean for residents and tourists?

It was once a popular way to visit New York City: book someone else’s entire apartment for a few hundred dollars a night on a site like Airbnb, and briefly play resident in America’s most expensive metropolis.

In a city where one in three renters spend nearly half their income on rent and lines for apartment viewings snake around the block, the practice infuriated tenants struggling to find housing. Continue reading...