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But supply is not unlimited. If you are adding more supply of short term visitor rentals, you are taking from long term resident rentals.
by untog 10y ago
But 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.