New York Times: Airbnb Suffered a Big Defeat in Jersey City
November 27, 2019 8:56 AM
"The new restrictions were a major defeat for Airbnb as it prepares to go public and the latest in a string of laws that cities around the world have passed to regulate the home-sharing industry’s explosive growth.
The Jersey City regulations gained steam
following concerns that the platform’s 3,000 listings, many run by
large-scale investors, were pushing often-unruly tourists into
residential areas, helping shoot up housing costs and accelerate
gentrification."
