597
Airbnb bookings dry up in New York as new short-stay rules are introduced
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 Sep 2023
597 points (99.2% liked)
News
23284 readers
928 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Not surprised that NYC is overcorrecting once again. I work in the industry and out of 2500 apartments we estimate around 20 are tenants involved in short term rentals. The last two we caught were even people that rent multiple rent-stabilized apartments and run their own business on Airbnb. This not only puts a pressure on unit supply in general but also specifically removes affordable housing opportunities for those in need.
At least with the buildings I'm involved in, the bigger issue is the state removing any ability to raise rents on vacant rent-stabilized units. We have at least 60 units sitting vacant indefinitely because it would take over 5 years to recover the cost of fixing up the unit and getting it rented. This rule was meant to stop shitty landlords drom taking advantage of tenants but if their focus was on tenant protection laws instead of completely removing all incentives to invest capital in old units they wouldn't have swapped one issue for another.
I'm sure there are legitimate uses for Airbnb that have now been completely eliminated and we'll see unintended consequences down the line.
NYC has existed before, and will exist after Airbnb
I think a lot of people have kinda forgotten what NYC was like before companies like airbnb and uber showed up.
Before Uber, there were underground networks of ride sharers that had to evade the police by using "secret" signals and code words. It was absolutely wild, required a ton of trust and only really existed because of the stranglehold the cab companies had over the city.
I wouldn't be surprised if there was a similar system in place for rentals before airbnb showed up.
Turns out people will just go back to hotels. Novel concept.
"removing any ability to raise rents on vacant rent-stabilized units"
Am I misreading or doesn't this actually sound great? Whoever wants to raise the rents can fucking starve for all I care. if it's too expensive to fix and rent out then you should lose the place. what's not happening?
5 whole years to see a return on investment! Regulation has gone too far! /s
NYC housing law allows close to unlimited rent increases when apartments are vacant, especially if there are (however dubious) "improvements" made.
If your "issue" is "inability to endlessly profit off an investment in something that should never have been treated as a financial instrument in the first place", then get fucked. Otherwise, please explain.
A lot fewer people are going to vacation to NYC, because NYC hotel rooms are small and unattractive whereas AirBnBs were not.
Fucking lol.