Governor Cuomo has signed the Rosenthal / Lanza bill imposing fines of up to $7500 per advertisement of an ‘illegal unit’ on home sharing sites like Airbnb, which is likely to mean a fine for anyone who advertises short-term accomodations through Airbnb. This legislation was predicted to end Airbnb in New York.
Airbnb had recently proposed instead that:
- hosts who live in the city only be allowed to list one unit for rent
- hosts would have to register with the city
- and a complaint hotline would be set up
- with repeat rule breakers permanently banned from the platform
While Airbnb suggested, “At end of day Havana, Cuba, has figured this out and it seems to me New York City should be able to figure this out.”
Apparently that didn’t come to pass, and the Hotel Association of New York was trumpeting what amounts to its success shutting down competition on Friday afternoon.