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Additionally Airbnbs inject tourism money into the area but can have a detrimental effect on community cohesion as a whole
Perhaps they should limit to one Airbnb per person, no corporate ownership, and no more than 6 months of the year.
Good luck enforcing that
The title is trying to imply that airbnbs outnumber apartments, but directly comparing airbnb listings with apartment listings doesn't really make sense. There's basically a one to one relationship between an airbnb listing and an apartment that's used for airbnb. On the other hand for every apartment listing there might be tens/hundreds of apartments being used as apartments (because an apartment that's occupied ten…
10% is a shockingly high number. In a city where 1.25% of people slept in a homeless shelter last year (not counting the tens of thousands on the street), having 8 times that as a percentage of rental stock to tourists seems insane.
Perhaps they should limit to one Airbnb per person, no corporate ownership, and no more than 6 months of the year.
Earlier quoted context omitted.
10% is a shockingly high number. In a city where 1.25% of people slept in a homeless shelter last year (not counting the tens of thousands on the street), having 8 times that as a percentage of rental stock to tourists seems insane.
I mean how many of those could actually be housed in a real building without risk of huge amounts of property damage? I bet most people would rather keep a unit empty than to risk dealing with that 1%
Probably a large amount. 30% of that 1% are children. Most people who end up in shelters are there as result of economic setback. After all, if people cause damage in the shelter they are also kicked out.
The title is trying to imply that airbnbs outnumber apartments, but directly comparing airbnb listings with apartment listings doesn't really make sense. There's basically a one to one relationship between an airbnb listing and an apartment that's used for airbnb. On the other hand for every apartment listing there might be tens/hundreds of apartments being used as apartments (because an apartment that's occupied ten…
10% is a shockingly high number. In a city where 1.25% of people slept in a homeless shelter last year (not counting the tens of thousands on the street), having 8 times that as a percentage of rental stock to tourists seems insane.
Part of the problem would be long term tenants are facing is of their own collective making. Well, that and regulations. That being the difference in experience when dealing with short term Airbnb tenants who are often on vacation, and long term tenants. The attitude is completely different. Unfortunately, long term tenants are too often adversarial. They feel entitled, and are apt to pursue litigation against you. T…
Some tenants really are just terrible, and I can sympathize with landlords stuck with the messes they cause, but I'd guess that far more often good tenants are being overcharged for rent that goes up every year in amounts far exceeding any increase to their income, are screwed out of security deposits they should have gotten, are forced to let strangers into their homes with little to no notice, and all while having to deal with the countless other indignities that so often come with rental living (forced to get up at 5am to move your car every morning there's half an inch of snowfall, old inefficient appliances, putting up with loud neighbors and a general reduction in privacy, running out of hot water, etc).
You can argue that anyone who doesn't want to put up will all of that should just buy a home, but I think many if not most renters would much rather be home owners yet simply can't afford it. They've got little choice but to rent and because of a huge lack of affordable units are often forced to pay more than they'd like for housing. Just a couple generations ago home ownership was far more accessible and a little before that it was commonly attainable on just a single person's modest salary. Because home ownership is out of reach for so many landlords have been able to take advantage of the situation. As for renters being litigious I'm guessing most couldn't even afford a layer while property management companies have far more resources giving them a huge advantage in our pay-to-win legal system, the laws themselves are often stacked against renters too. Renters also have a reputation at stake as well. Depending on the area, a bad rental history can limit your options severely.
Landlords can have a difficult time too, but I don't think renters brought this on themselves, I think properties have been being bought up by investors (foreign and domestic) who would rather list those properties on airbnb where they have fewer regulations and tenant's rights to worry about. It lets them rake in fast money at variable rates often from wealthy vacationers as opposed to being locked into year long leases from families and professionals looking for a home. It's lower risk since vacationers don't often have problems paying because they were laid off or because they got sick and were unable to work. It's a great deal for property owners, but it drives up prices and limits options for everyone else.
The title is trying to imply that airbnbs outnumber apartments, but directly comparing airbnb listings with apartment listings doesn't really make sense. There's basically a one to one relationship between an airbnb listing and an apartment that's used for airbnb. On the other hand for every apartment listing there might be tens/hundreds of apartments being used as apartments (because an apartment that's occupied ten…
Sounds like more people want to visit NYC than live there if the market supports this type of situation. Either way, the only way to satiate demand is to create more supply.