If you've been trying to book an apartment for a short vacation in New York in recent weeks, you may have been surprised at how few rentals are available on platforms like Airbnb or VRBO.
A city law went into effect this week that bans rentals for less than 30 days, leaving a good part of the 36,000 short-term tourist apartments in the city out of the rental game.
"I think New York's making a big mistake and shooting themselves in the foot by keeping younger people out of the city," said Joe McCambley, 66, a former regular client of Airbnb.
The new law only allows room rentals when the landlord lives in the apartment and is present during the entire stay. The visitors may number no more than two at a time, and they may not lock their room doors.
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