Why does Mamdani blame Airbnb for rent prices?
Zohran Mamdani thinks rent is too high because of Airbnb—and the New York City Council agrees. In September of 2023, they passed Local Law 18 to prohibit “renting [out] units for less than 30 days.”
Two years later, short-term rentals were almost entirely eliminated. Hotels love it; people with rental units hate it; and Airbnb is backing a bill that would allow at least some New Yorkers to rent their homes out short-term.
Zohran Mamdani’s campaign says the proposal “would drain even more supply out of an already tight housing market.”
So did Local Law 18 make housing more affordable? Not even close! #NewYork #NewYorkCity #Airbnb #rent
Two years later, short-term rentals were almost entirely eliminated. Hotels love it; people with rental units hate it; and Airbnb is backing a bill that would allow at least some New Yorkers to rent their homes out short-term.
Zohran Mamdani’s campaign says the proposal “would drain even more supply out of an already tight housing market.”
So did Local Law 18 make housing more affordable? Not even close! #NewYork #NewYorkCity #Airbnb #rent
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