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The exact same true is for hotels, only worse. ANYTHING that uses up space that is not used for housing is by definition increasing rent for everyone. Hotels ha
by charlottetrvm 8y ago
The exact same true is for hotels, only worse. ANYTHING that uses up space that is not used for housing is by definition increasing rent for everyone. Hotels have a much bigger effect than Airnb because you'll find hotels in all of the most expensive and densely populated cities. If you replaced all hotels with regular rental units, think about how much rents would go down.
To be more accurate, the report should say: NYC Renters paid extra thanks to ANYTHING that takes up space that is not a rental unit, especially hotels.
- iamcasen 8y agoExactly. I wonder too if they are accounting for increased tax revenue due to more travelers visiting the city thanks to AirBnb. Honestly I've been able to travel a lot more because of AirBnb, and how affordable it is compared to a hotel. At this point, prices are starting to stabilize with hotels in some of the bigger cities like NYC and SF, but still. I prefer the idea of freeing up under-utilized space for dynamic purposes as opposed to a fixed number of hotel location.
- cimmanom 8y agoHotels are taxed differently. They also tend to be somewhat denser than apartments, since they typically include only bedroom and bathroom, not kitchen or living room. And people are often willing to put up with a smaller hotel room than bedroom, since they only need space for a few days' worth of stuff there.