Unfortunately several local government in America specifically New York have been attempting to regulate or ban Airbnb. In New York the government sees Airbnb as a disruption to existing marketplaces and wants to take preventive action. There has been a legislation signed in New York in 2010 stating that under no circumstances can whole units in residential blocks be rented out for less than 30 days. The state governor Andre Cuomo approved fines for those that go against the rules amounting to $1000 for a first offence rising to $ 7 500 for recidivists.
It is understandable that local governments would want to regulate Airbnb in order to receive some of the tax revenue, but what we mustn’t forget is that Airbnb transactions are taxed just
It is understandable that local governments would want to regulate Airbnb in order to receive some of the tax revenue, but what we mustn’t forget is that Airbnb transactions are taxed just