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This supply was explicitly built for longterm residents - it's written into the zoning laws. If you want to remove the concept of residential zoning, then start
by jacalata 10y ago
This supply was explicitly built for longterm residents - it's written into the zoning laws. If you want to remove the concept of residential zoning, then start building that political platform. Will be interesting to see whether you choose to make residential housing conform to hotel firecodes, etc, in that platform!
- mjevans 10y agoI believe the parent poster was expressing a desire to fix the problem by enforcing //more supply// rather than by artificially limiting how existing supply can service different types of demand.
- untog 10y agoBut supply is not unlimited. If you are adding more supply of short term visitor rentals, you are taking from long term resident rentals.
- mjevans 10y agoYou are viewing this as a zero-sum game. I am viewing it as the city not encouraging economic development and designing a sustainable balance of work, living, and entertainment areas.
- untog 10y ago> You are viewing this as a zero-sum game Because it is. There is precious little new space for residential buildings in New York. How does people renting out apartments on AirBnB create a "sustainable balance of work, living, and entertainment areas"?
- bjterry 10y agoThe airspace above New York which you could encapsulate with more walls is worth quite literally hundreds of billions of dollars.