A fellow blogger recently reported good results using Airbnb, both in offering a place to stay and in vacation rentals she booked.
However, a report issued Thursday by New York Attorney General Eric Schneiderman found illegal uses in New York City listings on the Airbnb website, with as much as 72 percent of Airbnb reservations over the last several years in violation New York law.
The report, “Airbnb in The City,” also found businesses using Airbnb to operate multimillion-dollar operations. In one case, a single commercial user made $6.8 million in less than five years.
In addition, it found that a number of units appear to serve as illegal hostels and short-term rentals are displacing long-term housing options.