Tuesday 5 November 2019

Airbnb deflated as Jersey City voters tighten rental rules

Jersey City voters’ reviews of Airbnb are in, and the startup did not make the grade. In a closely watched referendum Tuesday a majority of residents overwhelmingly supported tighter limits on short-term rentals in the city, including an annual 60-day cap at properties where the owner is not on site, and a ban in buildings with more than four units. The result is a major blow for Airbnb, which spent $4.2 million backing an aggressive



source https://therealdeal.com/2019/11/05/airbnb-deflated-in-jersey-city-as-voters-tighten-rental-rules/

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