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A comment on The global housing market is broken, and it’s dividing entire countries. Parent comment

Re:The global housing market is broken, and it’s dividing en... by Aunche on Monday July 25, 2022 @01:13PM (#32227567)
IIRC, NYC and Jersey City already made Airbnbs illegal unless if it's owner-occupied. Outside of ultra-luxury apartments like 432 Park Ave, there isn't really that much vacancy in NYC. Disincentivizing investing is a good way to make homes cheaper to buy, but it won't make renting any cheaper in places with already high demand.

We can discourage investments simply with more equitable property taxes. Currently, more expensive apartments are taxed at a much lower rate than cheaper ones.

https://www.bloomberg.com/graphics/2021-new-york-property-ta...

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Re:The global housing market is broken, and it’s dividing en... by syspec on Monday July 25, 2022 @02:09PM (#32228513)
You certainly couldn't tell by looking at AirBNB for Manhattan that < 30 day rentals are illegal.

https://www.airbnb.com/s/New-York--NY/homes?adults=1&place_i...

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Re:The global housing market is broken, and it’s dividing en... by mancerayder on Monday July 25, 2022 @01:17PM (#32227628)
Illegal for less than 30 days, right?
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Re:The global housing market is broken, and it’s dividing en... by Aunche on Monday July 25, 2022 @01:27PM (#32227802)
Yeah. I think 30 days is a fair threshold because that weeds out the tourists but doesn't punish those with temporary job assignments and interns.
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Re:The global housing market is broken, and it’s dividing en... by mancerayder on Tuesday July 26, 2022 @02:01PM (#32241608)
It's also a threshold for when tenant rights laws kick in.
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