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0 0 0 0.000421111734980364 0.000421111734980364 -0.000561482313307019 -0.00414093206063991 -0.0051235261089275
Stock impact report

The golden years for NYC Airbnb hosts are over [Business Insider]

Airbnb, Inc. - Class A (ABNB) 
It's causing ripples in the housing market, prompting some owners who relied on the income to sell. Get the inside scoop on today's biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Nearly two weeks into New York City's enforcement of a 2022 law banning whole-home, short-term rentals and short-term stays with more than two guests, a particular kind of New York homeowner is feeling the squeeze. According to real-estate agents Insider spoke with, owners of townhouses and multi-family properties in Brooklyn are among the first to react to the new short-term-rental regulations. Compass real-estate agent Christine Blackburn told Insider she knows of someone who's listing their $4 million, six-bedroom home in Fort Greene, a neighborhood in Brooklyn. They were partially motivated to sell now that they could no longer rent out their basement unit on Airbnb. Blackburn doesn't anticipate these kinds of owners will "flood the market," but that more own Show less Read more
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