Airbnb Fights Back Against Ban in New Jersey

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Short-term rental king Airbnb is fighting back against a New Jersey suburb of New York City over a recent ordinance severely limiting the ability rent out units.  According to the Hudson Reporter, Jersey City, NJ adopted in ordinance in June that city officials say doesn’t ban short-term rentals, but imposes regulations and restrictions on they say is “an out-of-control” rental market that has allegedly created a shortage in long-term rentals and has caused long-term rental rates to rise.  Indeed, Airbnb has deployed canvassers to collect 10k voter signatures to put the issues before voters this November.  Stay tuned.

“Local governments are tasked with representing the needs of their constituents and bettering their communities…When they fail to do so, constituents want the chance to be heard. That is exactly the situation here in Jersey City, where lawmakers hastily passed an ordinance that will jeopardize the livelihoods of thousands of Jersey City residents.”  Airbnb said in a statement.

Click here to read the full story at the Hudson Reporter.

 

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Director of Education & Outreach, National Real Estate Investors Association