New York City Council member Ben Kallos is looking to crack down on illegal apartment listings on home-sharing sites such as Airbnb. The law he’s introduced would require homes rented on short-term rental platforms to register with the city.
The five boroughs lack enough affordable housing stock. At the same time it’s home to thousands of apartments listed on sites like Airbnb. By requiring listers to register their apartment with the city, Kallos said he hopes New Yorkers will not only understand what apartments can be legally rented out but will have more legal apartments to choose from — which, theoretically at least, could bring down rents.
The number of illegal listings in New York City is difficult to approximate, however. Anecdotes and estimates do peg the number in the thousands as do the city’s recent enforcement efforts. When New York sued Airbnb in 2019, it accused brokers with Metropolitan Property Group of illegally facilitating 13,691 rentals from 2015 to 2018, housing more than 75,000 guests, pocketing $21 million in revenue along the way, according to The New York Times. (The case was eventually settled.)