What Airbnb Did to New York City
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What Airbnb Did to New York City
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Re: What Airbnb Did to New York City
#2Manhattan should probably just admit that it's going to become the Venice of America: a playground for tourists and the ultra-rich, with virtually no residents.
There's nothing wrong with that. They can tax the hell out of it and use it to fund services in the rest of the city where real people live.
Re: What Airbnb Did to New York City
#3Manhattan should probably just admit that it's going to become the Venice of America: a playground for tourists and the ultra-rich, with virtually no residents. There's nothing wrong with that. They can tax the hell out of it and use it to fund services in the rest of the city where real people live.
...moving "the rest of the city" further out step by step.
Re: What Airbnb Did to New York City
#4Manhattan should probably just admit that it's going to become the Venice of America: a playground for tourists and the ultra-rich, with virtually no residents. There's nothing wrong with that. They can tax the hell out of it and use it to fund services in the rest of the city where real people live.
> virtually no residents
Seeing as how there are 1.6 million of those now that would be quite a turn of events.
Re: What Airbnb Did to New York City
#5Manhattan should probably just admit that it's going to become the Venice of America: a playground for tourists and the ultra-rich, with virtually no residents. There's nothing wrong with that. They can tax the hell out of it and use it to fund services in the rest of the city where real people live.
> virtually no residents Seeing as how there are 1.6 million of those now that would be quite a turn of events.
I didn't say it would happen overnight. That real estate is apparently more valuable as hotels and vacant investment properties than it is as housing stock. New York should embrace and exploit the fact that billionaires will pay high property taxes on empty condos, not try to fight it.
Re: What Airbnb Did to New York City
#6Easy to blame lack of affordable housing on AirBnB and not, say, rent control laws or the difficulty of building new housing stock in the city.
I get not throwing grandma out of the $250/month 4BR she’s been living in for 50 years, but it means something like 200,000 rent-controlled/rent-stabilized units are also raising everyone else’s rent by decreasing inventory.
The endless red tape in new construction makes non-luxury bulidings unprofitable. Want cheaper rents? Fast-track approval for new apt buildings.
Re: What Airbnb Did to New York City
#7If anyone is interested, I recommend the nearly 18-hr PBS documentary on New York City [1], especially the latter parts (6 & 7) which focus on the building boom and the obsessions of Robert Moses [2].
Part 7 in particular (57 min) https://www.youtube.com/watch?v=GaLSRTNT5fw
Re: What Airbnb Did to New York City
#8Easy to blame lack of affordable housing on AirBnB and not, say, rent control laws or the difficulty of building new housing stock in the city. I get not throwing grandma out of the $250/month 4BR she’s been living in for 50 years, but it means something like 200,000 rent-controlled/rent-stabilized units are also raising everyone else’s rent by decreasing inventory. The endless red tape in new construction makes non-…
I've said this before, and I'll say it again. AirBNB is a blight on rural areas (I can speak to this because I reside in rural Scotland) where affordable rental properties are simply disappearing from the market. These properties are barely fully booked during the summer months or holiday/peak seasons, and are empty for weeks at a time in the winter and off-seasons.
This is such a waste and hugely frustrating for folks who live and work in these communities trying to find accomodation.
Re: What Airbnb Did to New York City
#9Manhattan should probably just admit that it's going to become the Venice of America: a playground for tourists and the ultra-rich, with virtually no residents. There's nothing wrong with that. They can tax the hell out of it and use it to fund services in the rest of the city where real people live.
Kind of agree with you. Don't even think living in Manhattan if you don't pull at least 150k$. (Or be ready for some of those roomshare situations).
I'm also amazed by the average night price at Manhattan hotels. Even during normal weeks, the cheapest is well above 300$/night.
Re: What Airbnb Did to New York City
#10Manhattan should probably just admit that it's going to become the Venice of America: a playground for tourists and the ultra-rich, with virtually no residents. There's nothing wrong with that. They can tax the hell out of it and use it to fund services in the rest of the city where real people live.
Kind of agree with you. Don't even think living in Manhattan if you don't pull at least 150k$. (Or be ready for some of those roomshare situations). I'm also amazed by the average night price at Manhattan hotels. Even during normal weeks, the cheapest is well above 300$/night.
Hotel Tonight app has 10+ hotels for under $160/night (for tonight) - that's with just a casual scroll...