81–90 of 149 posts
Earlier quoted context omitted.
Just looked at prices out of curiosity. Tiny studios in Manhattan going for 3500. Not sure how people rationalize paying that for such small space. That's crazy to me, and I've lived in some very expensive global cities.
It makes sense if you a) earn a decent amount of money b) want to live in Manhattan for all the entertainment options etc. c) only need space for a bed because you only ever eat out and don't spend much time at home.
Earlier quoted context omitted.
Priorities I guess. I would feel pretty stupid paying that money to live in a shoe box, wherever it might be located.
It’s a different lifestyle entirely. NYC has a million things to do - you aren’t spending your nights sitting at home watching Netflix.
You are though, most nights too, because there might be a million options but a normal person needs to rest and recharge at home a lot of the time.
Earlier quoted context omitted.
> Let's entertain the idea for just a minute that you are an extended family visiting NYC. You need 2-3 bedrooms, some amount of space to spread out, and a kitchen could potentially save you some real money vs. eating out for every meal. Is there a particular reason why extended stay hotels don't work out for that kind of stay? They typically have a kitchen, fridge, and laundry facilities.
No such thing in Manhattan. Heck, even a mid-tier chain hotel on 5th Avenue is going to feel claustrophobic for one or two people, let alone a family.
Desirable places like NYC have always been competitive markets to rent in, and we know that there’s a long term trend of migration toward population centers which is slowly making things worse.
But there’s another factor that seems like it isn’t getting it’s fair share of blame - the accelerant that is social media. There’s been a huge rise in micro-influencers showing us what the good life looks like in desirable places, whether we are talking about a neighborhood of NYC or a western mountain town. A decade or two ago, these desirable places were on the radar of a small number of people (relative to today) as viable places to build a life in, now the pool is much larger.
Airbnb deserves some criticism, but it certainly seems like short term rentals are getting more than their fair share of blame because they are a convenient boogeyman to point at. The end result is that we see regulations like this one that are more punitive than effective.
Earlier quoted context omitted.
I chuckled myself. Tourists spending thousands to visit the city aren't going to stay 2 hours away in another crap apartment in Jersey.
The anti Airbnb narrative always assumes we are talking about some crappy apartment that someone was duped into staying in. Let's entertain the idea for just a minute that you are an extended family visiting NYC. You need 2-3 bedrooms, some amount of space to spread out, and a kitchen could potentially save you some real money vs. eating out for every meal. Hotel rooms like that really don't exist, at least for norma…
They're more or less common in different countries, and sometimes are fairly pricy, although perhaps not compared to several hotel rooms. I've seen them most often in places you'd expect families to visit, like non-city tourist destinations.
I wish every City does this. I believe Airbnb is one of the big reasons rents are raising in these Cities. Personally if it was up to me, I would have a 90% tax on receipts from Airbnb customers. If you are caught without being registered, your property is taken and sold off in a auction.
What portion of the housing supply would need to be Airbnbs to raise rents say 10%? I just can’t seem to get the math to pencil so that the amount of investor owned Airbnbs would make a meaningful impact on the rents/prices…
Earlier quoted context omitted.
> I chuckled myself. Tourists spending thousands to visit the city aren't going to stay 2 hours away in another crap apartment in Jersey. Isn't new jersey right across the river from new york, with rapid transit lines going into new york? Your "2 hours" estimate seems wildly inflated.
jersey city took care of this years ago, like 70% of voters passed a bill regulating airbnbs. [0] any rentals less than 30 days are not allowed unless it’s a room in your house, that you live in, and you have to be there, present, while the guests are there. [0] https://www.nytimes.com/2019/11/05/nyregion/airbnb-jersey-ci...
Good. Airbnb is cancer. I just hope there's an actual enforcement mechanism. The optimist in me hopes the housing crisis may finally start to wake people up to how most of us are being systematically exploited and we live in a society that deliberately withholds shelter, which quite literally kills people, so a tiny number of people can profit from it.