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> Long term it should not decrease the supply of housing. Visitors are either going to stay in airbnbs, with friends, or at hotels. This is a slices-of-pie arg
by comicjk 10y ago
> Long term it should not decrease the supply of housing. Visitors are either going to stay in airbnbs, with friends, or at hotels.
This is a slices-of-pie argument, neglecting changes in the size of the pie. By being a better value than hotels, airbnbs make traveling more attractive, meaning there will be somewhat more visitors and that they will stay longer. I think this is on balance a good thing for NYC (tourism is an industry, after all) but it does put a little more stress on an already-tight housing market.
- Idontagree 10y agoThat's completely arbitrary, all you're saying is hotels are offering things customers don't need, or legislation is causing them to bring up rates. Either way it sounds like there's a problem with the system, yet you think the blame lies solely with those who try and find an alternative.
- ChrisLTD 10y agoIncreased tourism might be "on balance a good thing" for NYC economically, but NYC also has an obligation to the welfare of its citizens. Does this new law bill strike the right balance between welfare and economics? I don't know, but the situation before was out of control.