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Empty flats in the city that never sleeps

The global sharing economy doesn’t extend to real estate in New York

Empty flats in the city that never sleeps

There have always been plenty of ways to run afoul of the law in New York, including serious crime. But, in 2015, it’s as likely to involve smoking in a park or renting your studio on Airbnb.

The global sharing economy doesn't extend to real estate here: New York State prohibits rentals in most apartment buildings for stays that are less than 30 days unless the owner or tenant is staying there too.

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