Short-Term Rental Bans Don’t Solve Long-Term Housing Shortages 

Two years after New York’s Local Law 18 effectively banned most short-term rentals, the housing market looks remarkably unchanged. Tens of thousands of Airbnb listings vanished, yet rents remain at record highs and vacancies near historic lows. Instead of flowing into long-term leases, many of those former short-term units have either stayed dark or shifted to minimum 30-day rentals, doing little to ease the city’s chronic shortage of housing. 

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