MFJ Comments on New Airbnb Report

In an article in Bedford + Bowery, MFJ Supervising Attorney Justin LaMort comments on the recently published report from McGill University showing that Airbnb increases rent, quickens gentrification and earns most of its revenue in New York City from illegal rentals. “That there is no difference between the number of illegal listings in 2014 and 2017 is disappointing,” said La Mort. He said he hoped that Airbnb would go after illegal units. “A small number of people renting out their couch, that’s not having an effect on the housing market. People with multiple homes pushing renters out, that affects a neighborhood.” Read article here.