3 ms·

It's simple, he broke the law/city regulations that are there for a reason. I'll quote the relevant bit from the article: > New York regulations are supposed t

It's simple, he broke the law/city regulations that are there for a reason. I'll quote the relevant bit from the article: > New York regulations are supposed to keep apartments from being pulled out of an already-tight rental market to cater to the tourist trade. They specify that it is illegal to rent an entire apartment in most buildings for fewer than 30 days unless the permanent tenant is present while the renter is there. For one guy to make millions there are many city inhabitants that have to face ever increasing rents. And this harms the city because it increases unrest and puts off people from moving in. And the issue is also on a more "micro" scale. Imagine living in a building where several apartments are dedicated to Airbnb style renting full time. You would probably not enjoy renting or owning the other apartments there.

jimrhods23 8y ago
"For one guy to make millions there are many city inhabitants that have to face ever increasing rents. And this harms the city because it increases unrest and puts off people from moving in." The article also states that these apartments were in upscale areas, so it isn't really preventing anyone from moving in. "You would probably not enjoy renting or owning the other apartments there" If the inhabitants of those apartments are causing problems, the landlord should have the final say. This all really should be up to the landlord and not the government.
- close04 8y ago
  > these apartments were in upscale areas, so it isn't really preventing anyone from moving in Of course it's preventing them. It's one less apartment in an already airtight market. For every apartment not available for renting, all the other rents go up another bit. Or a big bit since you can easily charge double via Airbnb. This means without any regulation the rents could surge to at least 80% of what you can get via Airbnb. And since this would seriously hurt the city the government gets involved. > should be up to the landlord and not the government It's the government's duty to protect its citizens from abuse. "The government" is behind every law and regulation. So every time I hear this I wonder if the people who say it realize what it implies. How easily it turns into "it's up to the [person who shafted you] not the government". I'm sure you are protected by so many of them you don't even realize. Just because renting in NY is not an issue for you doesn't mean it's not an issue.

jimrhods23 8y ago

"For one guy to make millions there are many city inhabitants that have to face ever increasing rents. And this harms the city because it increases unrest and puts off people from moving in." The article also states that these apartments were in upscale areas, so it isn't really preventing anyone from moving in. "You would probably not enjoy renting or owning the other apartments there" If the inhabitants of those apartments are causing problems, the landlord should have the final say. This all really should be up to the landlord and not the government.

close04 8y ago
> these apartments were in upscale areas, so it isn't really preventing anyone from moving in Of course it's preventing them. It's one less apartment in an already airtight market. For every apartment not available for renting, all the other rents go up another bit. Or a big bit since you can easily charge double via Airbnb. This means without any regulation the rents could surge to at least 80% of what you can get via Airbnb. And since this would seriously hurt the city the government gets involved. > should be up to the landlord and not the government It's the government's duty to protect its citizens from abuse. "The government" is behind every law and regulation. So every time I hear this I wonder if the people who say it realize what it implies. How easily it turns into "it's up to the [person who shafted you] not the government". I'm sure you are protected by so many of them you don't even realize. Just because renting in NY is not an issue for you doesn't mean it's not an issue.