Re:Cuomo signs bill prohibiting Airbnb listings in NYC
by busterarm on Friday October 21, 2016 @06:04PM
(#12765300)
AirBNB units make up 1/5 of 1% of the NYC's rental units. A bottleneck? no, but sizable and impactful, especially when you consider that these tend to be clustered around where they're convenient.
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Re:Cuomo signs bill prohibiting Airbnb listings in NYC
by ng12 on Friday October 21, 2016 @06:18PM
(#12765409)
> where they're convenient
Convenient is not the right description -- high demand is. Who's to say an AirBnB is a worse use of space for, say, a unit in SoHo than a year-round resident?
AirBnB has real issues -- zoning, hotel tax, safety, etc -- but politicians like to use rent cost/resident displacement because it's an easy rallying call.