The crackdown on Airbnb listings in New York City has caused a surge in Google searches for "Sell My Airbnb" as the travel downturn worsens. The median asking rent in the US rose 0.4% year over year to $2,011 in September, marking the sixth consecutive month of little change in rents. The housing crisis in places like Bed-Stuy, which was exacerbated by Airbnb, is now causing the company to suffer in New York as well. Airbnb has become a company that everyone loves to complain about due to the increase in quantity of listings, which has stretched the quality thin. The disappearance of Airbnbs in NYC has led to speculation about what could happen to hotel prices. The Airbnb ban in New York has resulted in a "black market" for short-term rentals, with many illegal listings being advertised on social media and lesser-known platforms. The ban has caused chaos and is seen as a minor setback for Airbnb. The number of Airbnbs in NYC has been reduced by 90%, leading to a decrease in rental vacancies. Some individuals have turned to services like Craigslist, Houfy, and Facebook Groups as alternatives. Overall, the ban on Airbnb in New York City has resulted in a rental black market and chaos in the industry.
New York's Airbnb Ban Is Bolstering a Rental Black Market https://t.co/wvP5UfsgeC
New York City's crackdown on short-term listings causes Airbnb listings to plummet, while some turn to services such as Craigslist, Houfy, and Facebook Groups (@byamandahoover / Wired) https://t.co/wXfMzc6EVw đź“« Subscribe: https://t.co/OyWeKSRpIM https://t.co/Uww85ILfX5
The number of Airbnbs in NYC was just cut by 90%. Who scraped the StreetEasy listings data to see what happened to rental vacancies?
$ABNB New York’s Airbnb Ban Is Descending Into Pure Chaos: People are listing short-term rentals on social media and lesser-known platforms, bolstering a rental black market in New York City. https://t.co/KJHjc3zOvL https://t.co/E7aJ8Q0wVO
“New York’s Airbnb Ban Is Descending into Pure Chaos”: what a surprise. https://t.co/ycdxRX5rMe
New York banned Airbnb, and you'll never guess what happened next! (ok fine you'll probably guess) https://t.co/W3J0ZSVhfa https://t.co/cs1SwBMZON
AirBnB has been a negative force in NYC Housing, so the city "Defacto banned them." Is this a minor setback, or the beginning of a major slide downwards? https://t.co/ZWplmAXeyF
The Airbnb crackdown in New York has created a “black market” for short-term rentals in the city. Many illegal short-term rental listings are now being advertised on social media and lesser known platforms. https://t.co/4j6e2UzcS6
New York’s Airbnb Ban Is Descending Into Pure Chaos https://t.co/Da6ZLe7AkW
New York’s Airbnb Ban Is Descending Into Pure Chaos https://t.co/ZymXhv6zBa
Airbnbs in NYC are disappearing. Here's what could happen to hotel prices https://t.co/vwyS0UpOen
Airbnb has become an industry in itself, full of endless hosts and large property companies that manage hundreds of listings at a time. The relentless increase in quantity has stretched the quality thin, writes @kathrynfiona. https://t.co/2UH8rTYGCT
Here’s what would have to happen for rent prices to fall in New York City. https://t.co/hbml3QnjU2 (via @CNBCMakeIt) https://t.co/RuQ5ma0Bkw
Airbnb has become the company everyone loves to complain about. Here’s why. https://t.co/g33HbrQfDT
'The Airbnb apocalypse is here. The company helped to stoke the housing crisis in places such as Bed-Stuy. It benefited from the housing crisis. And now, in New York at least, it is getting crushed by it too.' https://t.co/PmxCtUbLM6
"The median U.S. asking rent rose 0.4% year over year to $2,011 in September—the sixth straight month in which rents were little changed from a year earlier." @Redfin https://t.co/vXOWgqW6FE
Something Popped: Google Searches For "Sell My Airbnb" Surge As Travel Downturn Worsens  https://t.co/b8SK8DgLwt