Re:Airbnb and Neighborhood Crime
by JumpCrisscross on Friday July 16, 2021 @05:56PM
(#27861694)
> Bed Stuy is a neighborhood in New York City. It is currently facing gentrification, where long term residents (like local shop owners and families) are competing with short term residents (young professionals and tourists).
My friends just bought in Bed Stuy. If one of them hadn't worked for the city's planning department for a few years, there is zero way they would have gotten their paperwork approved in the timeline and cost envelope they needed. They would love to add a story to the building and rent it out, but that's impossible under their community board.
One of the most insidious unions in recent history is large landlords and anti-gentrification activists. Activists increase regulations and the cost of building and new entry. Landlords get asset appreciation while paying for "affordable housing. The latter creates multi-generational, heritable voting bloc to keep the whole mechanism in motion.
My friends just bought in Bed Stuy. If one of them hadn't worked for the city's planning department for a few years, there is zero way they would have gotten their paperwork approved in the timeline and cost envelope they needed. They would love to add a story to the building and rent it out, but that's impossible under their community board.
One of the most insidious unions in recent history is large landlords and anti-gentrification activists. Activists increase regulations and the cost of building and new entry. Landlords get asset appreciation while paying for "affordable housing. The latter creates multi-generational, heritable voting bloc to keep the whole mechanism in motion.