4 ms·
You're underplaying the STR effect to a degree that suggests you have not experienced it. I rented in NYC for more than 20 years, coming and going as life and
by subpixel 3y ago
You're underplaying the STR effect to a degree that suggests you have not experienced it.
I rented in NYC for more than 20 years, coming and going as life and work demanded.
Beginning in about 2015, it felt like half of the acceptable rental apartments in desirable neighborhoods disappeared - all lost to SRT.
Not only did that make finding an apartment harder, it dramatically increased landlords' leverage wrt pricing and lease terms.
On more than one occasion we had to rent vie AirBnB - at in insane markup over markets rents - while searching, full-time, for a place to live longer term.