Re:Sonder Raises $135M to Turn Airbnb Apartments into Hotels
by Alex3917 on Friday August 24, 2018 @11:11AM
(#17835403)
> Because NYC is a magical fairytale-land of affordable rents.
I mean if you're willing to take the subway to work, you can get a pretty large 2BR for less than $2K / mo. Yes you need a job to be able to afford that, but not a particularly amazing job. Just not unemployed for the entire year every year.
Re:Sonder Raises $135M to Turn Airbnb Apartments into Hotels
by timr on Friday August 24, 2018 @11:52AM
(#17835696)
I agree that good transit is the key to affordable housing. Those kinds of apartments aren't located in dense neighborhoods: they're in the Bronx, Queens and Brooklyn. Places are well-connected to Manhattan by transit. Places that would be impractical otherwise.
https://streeteasy.com/for-rent/nyc/price:-2000%7Cbeds:2?vie...
Construction does not fix the fact that tourists pay 5-10x what local residents do for the same real estate. If you want to keep that from affecting rents, there's a very effective and inexpensive way to do it: don't let people turn rentals into hotels. Just like New York.