Airbnb in the City – New York State Attorney General's Report [pdf]

Re:Airbnb in the City – New York State Attorney General's Re... by nostromo on Friday October 17, 2014 @03:32PM (#8472891)

My argument is that I suspect Airbnb is increasing the total number of tourists.

It's classic economics: price reductions increase volume.

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Re:Airbnb in the City – New York State Attorney General's Re... by opendais on Friday October 17, 2014 @04:41PM (#8473239)

Yes, but you ignore the fact it increases the costs of NYC's public housing operations & secton 8. :/

I'm pretty sure if its "break even" [in terms of tax revenues] it isn't "break even" [in terms of tax expenditures].

If you raise the cost of real estate, you are raising the cost on 175,000+ apartments NYC pays for & 29,000 property owners that take Section 8.

You are also probably one of those people that complain "welfare" is too expensive. Well, if you keep creating economic conditions that raise the cost of welfare and keep campaigning to lower taxes...guess what happens?

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