What Airbnb Did to New York City

Re:What Airbnb Did to New York City by ordinaryperson on Thursday March 08, 2018 @09:56AM (#16544653)

Money for schools, roads, subways, police etc has to come from somewhere, and if high-income earners flee (because of being overtaxed) to nearby low-tax areas then taxes go up on everyone else to cover the shortfall, or services are cut.

I favor a tax increase on the wealthy but I'm just saying implementing such a policy is more difficult than it sounds, especially because NJ and CT are so close by.

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Re:What Airbnb Did to New York City by svantana on Friday March 09, 2018 @06:20AM (#16551041)

That makes no sense, high earners are the least sensitive to (fixed) costs and are more likely to choose location based on attractiveness. Who would move in if a high earner moved out? Supply and demand have a way of taking care of these things.

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Re:What Airbnb Did to New York City by murph-almighty on Thursday March 08, 2018 @10:17AM (#16544793)

Not speaking for CT but the attractive locations in NJ are getting pricey fast- anywhere along a PATH stop has pretty high rent right now.

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