RantCrush Top 5: October 24, 2016

Airbnb filed a federal lawsuit hours after New York Governor Cuomo signed into law a restriction that makes it illegal for anyone living in buildings with three or more units to advertise their homes on Airbnb for less than 30 days. Violators can be fined up to $7,500. The law does not apply to hosts who rent out his or her place while still present.

We can all see how this is bad for Airbnb, which has thrived by making it easy for residents to rent their apartment for a week in major tourist destinations like New York City. Where will I stay when I don’t want to pay obscene hotel prices?

via GIPHY

The lawsuit points to a regulatory war that Airbnb has been fighting with cities since its inception.

NYC law limits choice, raises prices and pits traditionalists and hotel-owners against @Airbnb, the #sharingeconomy https://t.co/AxE2d7GJQY

— Lukas Neckermann (@LNeckermann) October 22, 2016

Did Cuomo just kill Airbnb? https://t.co/u47Fg4HiYi

— Jonah Green (@jonah_green) October 21, 2016

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