Live data from Hacker News

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

travel.usatoday.com

111–120 of 145 posts

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

#111
post #56

Earlier quoted context omitted.

does NYC benefit from tourists on a budget Any tourists will bring tax revenues into the city by eating at restaurants, visiting museums and events and generally purchasing goods and services. "not on a budget" can have more space, visit more often, and consequently spend more money. If any place in the world operated purely under this assumption, then you would never have urban centers like New York to begin with. C…

Museums and other public services are subsidized with taxes on on hotels. It could easily be a net loss for the city for people to use short term housing vs fewer people using hotels.

This is possible, however, if it were the case the law would be formulated differently to ban all short term visitors who don't pay for a hotel. For the past three years I have stayed in the city for many visits for free with friend - no hotel taxes.

Clearly this practice and "couchsurfing" would have to be banned as well if it was purely to recoup these taxes.

If short term visitors outside of the scope of taxation (i.e. me) were putting a strain on the system because of insufficient collection of hotel taxes, then the city has a number of possible outlets. In Europe, for example, many EU citizens of certain age classes pay far less than non-EU tourists for museums - the same could be done with NY residents vs. non-resident.

This is really to say that if there was an issue, visitors should pay for their costs directly rather than obtusely. If in the process of using a short term rental they consume well above and beyond what the property owner would normally consumer on their own (power, water, gas, services), then the property owner should see a rise in costs and pass these costs back onto renters.

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

#112

Earlier quoted context omitted.

Another anecdote: I moved to the city in late March. Since then, I've been in five sublets while I looked for a suitable permanent place to live. (Moving in tomorrow!) One of those sublets would have been legal under this new law. The first was a vacation rental business, very well run by the owner of the building. I stayed there two months, so it wouldn't fall under this rule, but I was the exception: most of his bu…

But how many neighbors did you piss off?

Unless the GP is an asshole, almost certainly zero. There's no difference to neighbors between this and having a guest.

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

#113
post #43
post #23

Earlier quoted context omitted.

I also see this as a problem though. Most likely the person doing this is not the owner of the apartment. I wonder how the original landlords feel about this. Maybe they just don't care, who knows. Seems wrong to be using their apartment for this when they never agreed to it.

Up-voted to offset whoever down-voted you to zero -- I don't necessarily agree with your comment but it's certainly not offensive in any way.

I see my comment above has collected two down-votes of its own. Res ipsa loquitur (http://en.wikipedia.org/wiki/Res_ipsa_loquitur#Latin_phrase).

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

#114
post #92
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…

>> The market is created by laws I always thought that the market was created by two people engaging in a voluntary exchange of goods and services. I'm not 100% sure about the "laws are created by politicians" bit, either, seeing as most politicians scarcely even read most legislation, much less understand it. Although I suppose you did qualify that as the way things should work.

I think it would be more accurate to say the market is regulated by laws.

"laws are created by politicians" probably differs between countries. I wonder which is worse, politicians that don't really care about what they sign or politicians that do care. An incompetent politician that do care is a frightening combination.

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

#115
post #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.

If you don't want to live someplace that allows short term rentals, make sure it's in the contract that you sign when you buy the place. No regulation required.

Contracts like you suggest are common and working today in other cities. When I bought a condo in central London, my contract with the association of all other owners in the building specifically forbade short-term sublets, and forbade any sublets without the written approval of the association. When one condo owner started renting out on weekends through web advertising, the association had its lawyer bring that clause to the owner's attention and the practice was stopped immediately. No law needed. (BTW, these contracts for UK condo property take the form of "leases" for hundreds of years, which can be sold like other property.)

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

#116
post #19

Earlier quoted context omitted.

I have no idea what the breakdown of tax allocation looks like in NYC/NY state, but I'm not sure your last statement is correct. I assume the person doing this illegal business is still paying property tax and state income tax? If not, then that's a problem with the IRS, not a housing authority.

I highly doubt they are paying state income tax on income received from renting. Or occupancy tax, for that matter.

You can't reasonably argue on something you 'highly doubt'.

I think they surely are paying it. There, it's even again now.

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

#118

I don't know how many of you here are native NYers. And I stress the native, because anyone who hasn't lived here for decades won't have a deep understanding of how things work here. Going out to the Hamptons (or elsewhere) for two weeks or a month and renting out your place has been going on here for decades. This has never been something hidden from the government, The Village Voice would be filled with Short-Term…

I'm a native. Never heard of this. We must be on different economic classes. I come from a working class and so does everybody I grew up with.

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

#119

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 happ…

> Dig deep enough and you'll find somebody with a checkbook.

Yep. Nothing happens without a member of some good old boys' club benefiting from it somehow.

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

#120
post #75

Earlier quoted context omitted.

No, what I think you will find are people who believe that operating a commercial enterprise, which is what micro-leasing is, needing to be subject to regulation, licensing, insurance and liability - which they are currently aren't. I also believe you'll find people concerned about the possibility of renters being taken advantage of with no legal recourse. It's pretty simple.

I was going to use a bit of napkin logic to explore what you've said, but on further inspection your logic is circular, so needs no further exploration. If these things should be regulated because they are of a type of thing to be regulated? Then we haven't really advanced the discussion much, have we? Maybe you want to have a "big government" argument, but forget all of that. I'll assume you are correct. This is a t…

What other enterprises similar to AirBnB that aren't regulated?

Restaurants? Regulated. Car rental? Regulated. Retail? Regulated. Banking? Regulated. Hotels? Regulated. Bed and Breakfasts? Regulated in the state of New York. Bars? Regulated. Movie Theaters? Regulated.

Name me one thing that isn't regulated, subject to zoning, subject to inspection, subject to fire and/or safety codes?

It isn't a matter of big government or whatever weird diatribe trip you are on, it's a question of consumer protection, it's a question of taxation, it's a question of safety and fire codes, and it's a question of the rights of other tenets living in the building to not be subject to a random rotation of people in their homes.

http://politifi.com/news/Students-young-professionals-duped-...

http://ny.curbed.com/archives/2010/03/26/party_boy_bounced_f...

Post reply on HN