Short-stay rental ban

New York has joined a growing list of cities to ban short-stay accommodation in residential buildings.

Authorities there, and in other major global cities, have been motivated to close down short-stays because of their detrimental effect on rental affordability.

Short-stay rentals are still allowed when the householder is present.  Hosts renting properties for less than 30 days now face US$7500 fines.

Airbnb Inc immediately sued New York City and State after the ban was introduced but has now withdrawn its legal action.