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Sure, where possible. There are places that cannot build anymore because there is something everywhere. This describes most of NYC. The issue is that places wh
by mynameisnoone 3y ago
Sure, where possible. There are places that cannot build anymore because there is something everywhere. This describes most of NYC.
The issue is that places where there is limited inventory and an inability to create more inventory cannot afford to let any units to go to Airbnb or to speculators.
- Qwertious 3y agoNYC's construction regulations are completely fucked and prevent tons of new apartments being built, I'm not sure it's a good example.
- mynameisnoone 3y agoToo bad because I'm talking about it. NYC is the original big city with big city problems that cannot be avoided by changing the subject.
- anovikov 3y agoAirbnb won't go there if they were not filled, and every city needs visitors as well as residents. So airbnbs aren't a problem. Speculation isn't a problem as long as they keep the units occupied. And vacancy rate is lower than average in NYC. So it sounds like a simple fact that demand outstrips supply. Only way to "fix" it is by making NYC a less attractive place to move into (increase local taxes, reduce spending thus stimulating crime, etc.), or make it harder to move (something along the lines of Soviet registration system). Both appear to be less than desirable, to say the least. Face it: there is no way people could move limitlessly into a desirable city and keep it affordable. Whole point of attraction is unafforability.