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I 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
by mjevans 10y ago
I 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.