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New York’s crackdown on Airbnb began Tuesday

amny.com

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Re: New York’s crackdown on Airbnb began Tuesday

#91
post #48

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.

[flagged]

Re: New York’s crackdown on Airbnb began Tuesday

#92
post #79
post #67

Earlier quoted context omitted.

I’m not sure what the context here is, but as a lifelong NJ resident I can assure you that there are a lot more legal burdens here than you find in most other states. Of course we do ignore most of the driving laws

The context is a lyric in the musical Hamilton referring to the Hamilton-Burr duel, which took place in NJ. Apparently dueling was already illegal in NJ. Lin-Manuel didn’t invent the phrase, and I wonder if the original meaning was more in the spirit of “New Yorkers can get away with violating NJ laws” rather than “New Jersey literally has no laws”. https://www.revolutionarywarnewjersey.com/new_jersey_revolut...

I just assumed it was comparing NJ to NY, which is even more restrictive.

Re: New York’s crackdown on Airbnb began Tuesday

#93
post #85

I don’t doubt that Airbnb has had some effect on housing prices in many cities, but I suspect the effect of STRs isn’t quite as strong as people think it is. 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 fai…

Its not just social media.

I can't count the number of cheesy, narcissistic/artistic films I've seen centred around New York/Paris/London where people's accents are overblown beyond credibility and the main protagonist is exceedingly rich to live out the life that they do... but is unaware of their exceeding wealth and is therefore unable to communicate that to the audience.

As a decent earner, I cannot find myself relating to these characters in these settings since its like watching a millionaire discussing their financial problems.... but my girlfriend and her friends all seem to love and relate to the characters and the depicted "normal" lifestyle, despite sharing nothing in common.

Re: New York’s crackdown on Airbnb began Tuesday

#94
post #85

I don’t doubt that Airbnb has had some effect on housing prices in many cities, but I suspect the effect of STRs isn’t quite as strong as people think it is. 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 fai…

Its not just social media. I can't count the number of cheesy, narcissistic/artistic films I've seen centred around New York/Paris/London where people's accents are overblown beyond credibility and the main protagonist is exceedingly rich to live out the life that they do... but is unaware of their exceeding wealth and is therefore unable to communicate that to the audience . As a decent earner, I cannot find myself…

the discrepancy is because those shows are about Prince Charming, in a 20th century setting

and that fantasy of being subsidized by said obliviously wealthy is probable enough to attain by your girlfriend and her friends if they focus on that part of their culture

if this option was available for you it would be something to fawn over and much easier to relate

Re: New York’s crackdown on Airbnb began Tuesday

#95

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.

But, can't you commute to all those places from half an hour away?

Re: New York’s crackdown on Airbnb began Tuesday

#96

> Opponents of the measure, though, claim that the new measure will do significant damage to the tourism industry in New York City — potentially driving would-be visitors to New Jersey Just LOL If you believe is that New Jersey is just waiting in the wings to take tourism from NYC I've got a bridge in Brooklyn available for a good price.

I think they just mean people will stay in New Jersey - which would be extremely plausible if NJ allowed more hotels to be built. Most of the tourist stuff in NYC is in midtown which is a 15/20 minute public transit ride from the port authority/penn station/broadway area. I have family that stays in Stamford Connecticut whenever they want to do stuff in NYC, because they find it cheaper/easier to stay there and take…

So tourists still spend all their time/money in NYC, with the exception of paying for sleeping accommodations (and taking up beds) there? Isn't that the ideal goal of this legislation?

Re: New York’s crackdown on Airbnb began Tuesday

#97

Earlier quoted context omitted.

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…

10%, or is this a trick question?

It's not a trick question, and it's not as simple as matching the percentages. Rents can raise by more than 100%, but total supply caps at 100%. If AirBnB controlled every rental unit, rental prices wouldn't go up exactly 100%.

Re: New York’s crackdown on Airbnb began Tuesday

#98

Earlier quoted context omitted.

It’s a different lifestyle entirely. NYC has a million things to do - you aren’t spending your nights sitting at home watching Netflix.

But, can't you commute to all those places from half an hour away?

Ok, you do that. I’d rather slit my wrists lol

Re: New York’s crackdown on Airbnb began Tuesday

#99

Earlier quoted context omitted.

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 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.

I imagine disposable income is needed for some of those activities as well. Paying 3k for rent probably limits your options.

Re: New York’s crackdown on Airbnb began Tuesday

#100
post #75

Earlier quoted context omitted.

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.

How is that healthy?

Suburbs lead to loneliness.
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