Housing legislation being considered in Airbnb to make rentals of 2010 and their advertisements illegal would cost Airbnb up to $1,000 per year, according to a report by American Action Forum . A fine of close to $500m would be applied to first time offenders, with 3 or more times seeing them rise to $ 7,500 . Permanent residents have to live in Class A dwellings for at least 30 days, so anyone who advertises for rentals of 29 days or less would be in violation of the law if the legislation is signed. Proponents of the housing bill say that short-term sublets create security and quality of life issues.
Housing legislation being considered in Airbnb to make rentals of 2010 and their advertisements illegal would cost Airbnb up to $1,000 per year, according to a report by American Action Forum . A fine of close to $500m would be applied to first time offenders, with 3 or more times seeing them rise to $ 7,500 . Proponents of the housing bill say that short-term sublets create security and quality of life issues.