Real Estate

In Boston, Airbnb tasked with removing thousands of illegal listings

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Boston, Massachusetts

Sean Pavone | Getty Images

Airbnb is eyeing a major IPO next year, but this year it faces escalating regulation in cities across the country.

The home-sharing company had to comply on Sunday with strict new regulations in Boston that require hosts to register their listings with the city. Boston’s regulations are designed to ban so-called investor units, or properties meant to be residential that are exclusively or primarily used for short-term housing. Such units, lawmakers say, inflate the housing market and drive out long-term residents.

The city’s crackdown on Airbnb listings comes amid a wave of similar laws proposed in cities around the world. Such regulations…



Source cnbc.com

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