The New York Post is reporting that a recent crackdown on Airbnb listings by New York City has led to a black market for rentals that have now gone “underground.” The new rules (which went into effect in early September) imposed tougher regulations that restrict most short-term stays and limit reservations to only two guests. In addition, the Post says industry experts said this puts both renters and apartment owners at risk of scammers as Airbnb stopped taking and/or canceling reservations – leaving those who had booked a visit scrambling to riskier options.
These non-vacation rental sites, however, are prime targets for “scammers to create fake listings and collect money without delivering a place,” Lateef warned.
“Listings on Airbnb have shriveled up after the city imposed tougher regulations that restrict most short-term stays and limit reservations to only two guests.”
Click here to read the full story at the NY Post.
