Massive changes coming to NYC Airbnb. -Good for house hacking?

[Damon Bodine]

For many years house hacking in NYC has been doable but challenging.   The price points, building sizes, roommate law, and higher than average down payments have always left house hackers with limited options.     

A recent change in NYC's airbnb law may open up many new opportunities.   Local Law 18 or The Short Term Rental Registration Law is going to bring massive changes to the NYC rental market.   If all goes as expected here are some of the changes i'm seeing.   
-Owners will no longer be able to rent entire apartments on airbnb.   
-Owners will have to register their units with the city.  This includes but is not limited to sending diagrams of the apartments,  copies of all leases, full legal name of all permanent occupants, as well as a certification that they understand the multiple dwelling law.   
-Owners that owner occupy can lease rooms in their units for up to two guests.   
-If hosts fail to comply they could be liable for fines up to $5000 and airbnb themselves could be liable for fines up to $1500 per violation.  

So why would this be a good thing for house hackers? Well if the estimates are correct almost 10,000 currently listed airbnb's come could off the market last year.    In my eyes this could be a great thing for house hackers who are willing rent rooms short term in their own owner occupied apartments.   Simply rules of supply and demand should push the nightly rental rate for rooms up.    

House hackers in New York City have always had to be a bit creative.   Especially since most inventory here is 2 family plus .   However the combination of our rental inventory outperforming the nation - https://www.msn.com/en-us/mone....     , high rental rates for rooms, the prospective changes to airbnb , and the plethora of affordable cencus tract based down payment programs here 2023 could be the year of house hacking.