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New York’s Airbnb Ban Is Descending Into Pure Chaos
(www.wired.com)
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this post was submitted on 10 Oct 2023
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A spare apartment, you say? Do people just have those lying around?
Yes, they move to a bigger one and rent out their old one for profit.
And, of course, it would be morally unacceptable to get in the way of them maximising the profits they’re entitled to, such as by forcing them to rent it out long-term to some poors rather than allowing them to run an unregulated hotel room, because invisible hand of the free market or something.
Ah yes, the old hermit crab monopoly.
Or they move in with their period-of-life partners, and then maybe eventually back.
Fine, but don't profit and offer a decent rent length.
They don't take that risk.
In my city, most of the singles actually keep their own appartments when moving in with a new loved one. It isn't because of the money, it is their safety net so they can move back eventually. Very few of these appartments are actually rented out. Most are just empty.
And of course they would not want to wait for a year or so.
This number would so low I'm guessing it wouldn't really move the needle. It's like having 1 house mate instead of 2 in a 3room appt.