4 ms·
> I don't think there was a single sentence in the article about affordable housing. I'm guessing you missed the entire section on "The gentrification factor".
by ordinaryperson 9y ago
> I don't think there was a single sentence in the article about affordable housing.
I'm guessing you missed the entire section on "The gentrification factor".
The study, and others, claim AirBnB pushes out poor black people from neighborhoods because white owners decrease housing stock by renting out to AirBnb instead of locals.
E.g. "Wachsmuth and his team estimate that the platform raised rents by 1.42 percent in north-central Brooklyn neighborhoods such as Bed-Stuy and Crown Heights." In other words, rents are going up in black neighborhoods. Another quote: "According to the Cox report, black New Yorkers are also the most likely to face housing loss due to Airbnb."
As I said, it's easy to blame AirBnB for this problem and not look at how crazy rent laws distort the market. I don't want to see low-income renters forced out of their homes but AirBnB is only one factor.
Rent control/stabilization laws also remove units from the market, and building new units for anything other than rich people is prohibitively expensive because of red tape, bureaucracy and overpriced cost of NYC-area construction.
So yes, I've read the article. The question is: have you?