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New York governor approves short-term apartment rental ban in NYC

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Re: New York governor approves short-term apartment rental ban in NYC

#61
post #49
post #47

Earlier quoted context omitted.

The market is created by laws, laws are created by politicians, politicians are elected. That's how a democracy should work, anyway. City planning is something complicated where I'm not so sure a pure market-driven solution would be optimal. Markets only allocate resources well when there are no externalities. They do nothing towards a fair distribution of wealth. A good example of poor city planning caused by the ma…

> They do nothing towards a fair distribution of wealth. What is the "fair distribution of wealth"? I personally believe that you are only entitled to the wealth you yourself created (or which someone voluntary gave you). Isn't that a fair distribution of wealth? Or what other metrics do you use?

If only the world were as simple as that. Location and family play a huge role in whether you can create (as much) wealth.

Re: New York governor approves short-term apartment rental ban in NYC

#62
post #8

Yet another illustration of how those with political power are not subject to the discipline of the market.

Well, they kind-of are, they are subject to the discipline of the market for votes.

But the problem is when most voters don't care about a particular issue, and a small minority (in this instance hoteliers) do. I would introduce reforms to partially overcome these problems:

1. politicians can only make something illegal with a super-majority (say 55 or 60%). This means there is an automatic bias towards liberty.

2. recall elections for politicians at all levels

3. ban businesses from donating money to politicians. It just creates too many opportunities for corruption.

4. all legislative assemblies to be elected by proportional representation. This would mean genuine voter choice rather than 2 monolithic big parties.

5. all assemblies at lower than the country level (which in the US, means state governments and below) are allowed to legalise any activity made illegal by a higher government on a straight 50% of the vote. As with (1) this is also a bias towards liberty.

6. any law passed by any assembly must be subject to a referendum if enough people want it.

Re: New York governor approves short-term apartment rental ban in NYC

#65
post #61
post #49

Earlier quoted context omitted.

> They do nothing towards a fair distribution of wealth. What is the "fair distribution of wealth"? I personally believe that you are only entitled to the wealth you yourself created (or which someone voluntary gave you). Isn't that a fair distribution of wealth? Or what other metrics do you use?

If only the world were as simple as that. Location and family play a huge role in whether you can create (as much) wealth.

Tell that to 300,000+ USD Millionaires in mainland china ( I am sure its fare greater now as this is an article from 2006 ) http://www.businessweek.com/magazine/content/06_06/b3970072....

I come from a lower-middle class background ( military family during the 80's and early 90's ), grew up in many different small cities and never finished high school. I am in my mid 20's now and have the wealth that people here like to refer to as 'FU Money'

Re: New York governor approves short-term apartment rental ban in NYC

#66
I live in NYC, and while I think AirBnB is decent idea, I sure as hell wouldn't want to live in a building where the landlord - or another tenet - were renting out their spot like a hotel or hostel.

At the point you are doing that with any sort of regularity you should be subject to licensing, insurance, etc.

Re: New York governor approves short-term apartment rental ban in NYC

#67
post #5

That's one way to make NYC even less affordable and friendly to tourists on a budget. I've met some very interesting and friendly people in 'short-term apartments'. Mostly foreign students/travelers on vacation, people moving to NYC for work and using it as temporary housing until they find a real place, or just regular Americans visiting another city on a budget. They make it seem like these places are unclean or un…

There are a ton of hostels and cheap ways to stay in NYC.

Re: New York governor approves short-term apartment rental ban in NYC

#68
Interesting startup lesson here.

NYC -- famous for high cost-of-living. So folks start micro-leasing as a way to recoup costs. Several startups are created as a way to coordinate these micro-leases.

Response? Government steps in and shuts it down.

The reason social problems, like housing shortages and the political responses, are important to talk about on HN is that big companies solve big problems, and nothing happens in a vacuum. Sometimes your biggest competitor can be the political status quo.

I find the governor's remarks true, yet unconvincing. Kind of like a lot of politician-speak. Politicians (of all stripes) learn from the legal, public relations, and polling professions how to take any position on any side of an argument and make it sound somewhat plausible and reasonable for Joe Six Pack giving the entire matter 5 minutes thought.

In the absence of public uproar, this was done for commercial reasons. Dig deep enough and you'll find somebody with a checkbook.

Re: New York governor approves short-term apartment rental ban in NYC

#69
post #49
post #47

Earlier quoted context omitted.

The market is created by laws, laws are created by politicians, politicians are elected. That's how a democracy should work, anyway. City planning is something complicated where I'm not so sure a pure market-driven solution would be optimal. Markets only allocate resources well when there are no externalities. They do nothing towards a fair distribution of wealth. A good example of poor city planning caused by the ma…

> They do nothing towards a fair distribution of wealth. What is the "fair distribution of wealth"? I personally believe that you are only entitled to the wealth you yourself created (or which someone voluntary gave you). Isn't that a fair distribution of wealth? Or what other metrics do you use?

Starting with the land, water, and air of this Earth, there are many resources that no one created, and no one has the right to give you. We parcel it out, and we say that this patch belongs to me, and this patch belongs to you, but the 'fairness' of it is always imperfect.

In a city, you cannot say that you have sole right to a piece of property, to do with as you please. Everything's too packed in together. If you're blasting music at all hours of the night, that alters the composition of the air around you. That may increase or decrease wealth, depending.

To put it simply: the wealth of New York City was mostly created by the city; the plumbing, the roads, the zoning laws, the building codes, the fire departments. The city government is the only entity that can really claim to have created that wealth. An individual building owner's contribution is very small.

Re: New York governor approves short-term apartment rental ban in NYC

#70
post #61
post #49

Earlier quoted context omitted.

> They do nothing towards a fair distribution of wealth. What is the "fair distribution of wealth"? I personally believe that you are only entitled to the wealth you yourself created (or which someone voluntary gave you). Isn't that a fair distribution of wealth? Or what other metrics do you use?

If only the world were as simple as that. Location and family play a huge role in whether you can create (as much) wealth.

Maybe. But here is the thing – do you think it is fair for someone else to subsidize your children (at the cost to themselves)?

It is usually the duty of parents to raise their children (and pay for their education). The left however feels that it “takes the village to raise the child” (nice way of saying that someone else should pay for education, etc…). This means that dysfunctional people and families can externalise the consequences of their actions.

If we think of it in a crude way: wouldn’t the most fit evolutionary strategy in such a system be to just get as much children as you want? Since someone else will bust their but to pay for the raising and education of your child.

This is unfortunately what happens in many countries, and it is quite sad. In my country there are 13.4 million people on government grants and there are 12 million people working. Of those that work, only about 3 million pay tax (75% which is paid by 750,000). Of the 13.4 million receiving “social grants”, about 9 million are child grants (government pays them for each child under 16, thereby encouraging people to get children. Many people receive the child grant from their children before they stop getting their own grant).

The point of this is that each tax payer is paying to raise 3 children that are not theirs. Is that fair? Should someone really be allowed to get children if they cannot afford them?

This is also one of the reasons I believe that democracy does not work in most countries – especially countries with a high population or which is not homogeneous.

The excuse of “family location” is BS. Many people have put off or postponed having children until they can afford them, and at least kept the number of children to a minimum. Many people also at least put in the effort to raise the kids that they have properly.

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