Renters Turns to the Airbnb ‘Black Market’ In NYC
For many visiting the Big Apple, finding a place to stay has become rotten to the core. New York City recently passed rules prohibiting short-term rentals in apartments, virtually decimating the once-thriving Airbnb market. In response to this legislation, approximately 80% of Airbnb units in NYC have been taken off the site. Meanwhile, hotel prices…