I Bought An Apartment To Rent Out On Airbnb

Re:I Bought An Apartment To Rent Out On Airbnb by jseliger on Friday November 01, 2013 @07:35PM (#6657289)

Airbnb is clearly forcing a convergence between hotel prices and rents. This doesn't just mean forcing hotel prices down, it also means forcing rents up.

I responded to this issue here: https://news.ycombinator.com/item?id=6657242 , but the short answer is to build more units.

Building the Second Ave Subway, extending express bus service, and doing similar things would also be helpful.

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Re:I Bought An Apartment To Rent Out On Airbnb by riggins on Saturday November 02, 2013 @12:20PM (#6659665)

I agree that the way to deal with increasing rents is to build new buildings. In fact, I think that is probably Bloomberg's greatest accomplishment. He made it much easier to develop new buildings which led to a boom in development.

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