Re:Manhattan rents cross $5k threshold for first time
by kristjansson on Thursday July 14, 2022 @02:04PM
(#32099460)
> any accommodation
That's an exaggeration. The alternative to airbnb is not no accommodation, it's better-regulated and therefore more expensive accommodation. Regulations force tourists to bear the costs of their trip (hotel taxes, etc.) and give the city some pricing power to control quantity of tourism.
That's an exaggeration. The alternative to airbnb is not no accommodation, it's better-regulated and therefore more expensive accommodation. Regulations force tourists to bear the costs of their trip (hotel taxes, etc.) and give the city some pricing power to control quantity of tourism.