Re:Cuomo signs bill prohibiting Airbnb listings in NYC
by the_watcher on Friday October 21, 2016 @05:59PM
(#12765260)
That's part of it. Another major part of it is that there are major zoning restrictions. Excessive zoning laws pushes up price. This has been demonstrated time and time again.
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Re:Cuomo signs bill prohibiting Airbnb listings in NYC
by Tempest1981 on Saturday October 22, 2016 @04:42PM
(#12770475)
Although everyone has a different opinion on "excessive".
Re:Cuomo signs bill prohibiting Airbnb listings in NYC
by the_watcher on Monday October 24, 2016 @12:08PM
(#12780074)
This is a fair point. My original comment should have been more specific: cities with above average zoning restrictions consistently see higher housing costs. A corollary of which is that excessive zoning also leads to higher costs, unless your position is there is no city with excessive zoning.