AirBnB slumlords burned by new fire rules

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Sometimes the rule of unintended consequences is super, via Domain:

The number of properties offered on Airbnb could be slashed thanks to a NSW government proposal to impose stringent new fire safety rules on homes being let short-term.

To bring their homes up to the required level, owners and lead tenants could face bills of thousands of dollars to fit integrated smoke alarms in bedrooms and corridors, as well as heat sensors in kitchens, fire extinguishers, fire blankets, emergency exit lights and evacuation maps.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.