On Friday afternoon, New York state Governor Andrew Cuomo signed a bill making it illegal to advertise your home for short-term rent on websites like Airbnb.
The law specifically targets New York City homeowners in apartment buildings who advertise their properties, or even just a spare room in their homes, to rent for less than 30 days at a time.
It’s important to note that New York already passed a law a few years ago making it illegal to rent your home out to short-term tenants.
This new law makes it illegal to ADVERTISE… which is basically pre-crime.
Now you don’t even need to commit the egregiously criminal act of renting out your home to a nightly traveler.
Simply informing the public that you’re thinking about it is enough to get slammed with a major fine.
Violations carry a penalty of up to $7,500, dramatically higher than New York’s penalty