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NetQuarterLatte t1_jcfa8gr wrote

That's going to put a dent on the MO of future Wolves of Airbnb.

>A wannabe rental shark who calls himself the “Wolf of Airbnb” was indicted in a scheme to illegally sublet more than a dozen Manhattan apartments while he refused to pay rent, federal prosecutors said Thursday.

https://nypost.com/2022/10/27/wolf-of-airbnb-indicted-in-nyc-rental-scheme/

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epicxownage t1_jcfh6zm wrote

Man, this guy just hustles harder than you, you’re just simply not smart enough to make money off of breaking the law and exploiting others. /s

Hope he spends a long time in jail

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iv2892 t1_jcgk46i wrote

This is good but what about banning corporations from owning more than 10 units , or actually , for each aditional unit past 10 they should pay like a 80% tax to discourage excess buying

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Ein_Bear t1_jcgmax7 wrote

We'd just wind up with hundreds of shell corporations that each own 10 units

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cC2Panda t1_jcgpluu wrote

Require them to be a primary residence and majority ownership by the owner to pay less taxes.

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theageofnow t1_jcih627 wrote

Given the vacancy rate in NYC is very low (<1%-3% over the last decade or so), this won’t actually do anything to make it easier to find an apartment for anyone and might just make it harder (by introducing more rules and more small landlords who have more time to be busybodies over micromanaging their tenants in their 10 apartments).

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coalstuck35 t1_jcjfh8d wrote

This should be adopted nation-wide corporations buying up whole neighborhoods

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aceshighsays t1_jd3lu7u wrote

this is though, a result of hustle culture. hustle everyone. integrity isn't part of your business plan.

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ThreeLittlePuigs t1_jcft3bv wrote

I’d bet this is the sorta guy that complains about others abusing the system too.

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IAmGoingToSleepNow t1_jcg62ar wrote

I wonder if it will. Guy's probably got the verbiage in his lease already that the unit can't be used for short term rental.

> Once it does, platforms such as Airbnb or Homeaway will be unable to process payment for a guest trying to book an unregistered unit

How will the city reject payment? I'm pretty sure they can't approve/deny CC transactions where they're not involved.

We'll see if AirBNB plays along. If they don't, I don't see how enforcement will work.

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IIAOPSW t1_jcficso wrote

I'm impressed ngl. Its so fucking ballsy you just have to respect it.

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2heads1shaft t1_jcg2u96 wrote

Your comment is fucking ballsy and I have 0 respect for you.

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