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Monday, June 22, 2026

NYC shuttered 80% of its Airbnbs in an attempt to make housing more affordable. All that’s done so far is make hotels more expensive.

Last September, New York City began enforcing its strict new regulations on short-term rentals. Since then, the number of legal short-term rentals listed on Airbnb and other platforms has plummeted. Less than a year into the city’s policy, known as Local Law 18, it’s not clear whether the near-ban …

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