The Real Deal New York

Is Airbnb good or bad for New York City?

The short-term rental service is fighting for its life in NYC

March 29, 2016 05:10PM
By Alistair Gardiner

As part of the March issue, The Real Deal interviewed stakeholders in the fight over popular short-term rental service Airbnb. Despite its popularity and a sky-high valuation of $25.5 billion, the San Francisco-based startup has faced both praise and opposition around the globe. In 2010, the New York state legislature passed a law that prevents tenants from renting out their apartments for 30 days or less unless they were home during the duration of the stay.

Watch the above video to hear what an Airbnb host has to say and why one state legislator thinks there needs to be a crackdown on the industry.