New York Just Cracked Down on Airbnb With a New Law

Things aren’t going in Airbnb’s favor in New York.

On Friday, New York Gov. Andrew Cuomo signed into law a controversial bill that makes it illegal to advertise short-term rentals that violate New York City’s rules--and imposes steep fines to the violators. New York City’s regulations prohibit rentals for less than 30 days without the host being present--also known as entire-home listings.

“In typical fashion, Albany back-room dealing rewarded a special interest--the price-gouging...

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