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If I read your comment correct (why is it bad for NY to be against airbnb scenarios like this) then no, it's not a bad trend. To elaborate, many places (not jus
by klapinat0r 13y ago
If I read your comment correct (why is it bad for NY to be against airbnb scenarios like this) then no, it's not a bad trend.
To elaborate, many places (not just the US, and not just New York) has rent-control laws. By and large not everywhere, and not all parts of the cities/counties who has. But for those that do, this is in clear violation of at least that, but also - possibly - sublet laws. That is a far fetched example though.
But the more worrying part is that it drives up prices as more and more do this (not talking 1-2 appartments in a neighbourhood, talking increasing).
Another issue is the housing situation. In many larger cities it's a real issue that there aren't enough places to live as needed.
For hotels it is bad, as it's driving business away.
So, from both sides of the spectrum this is bad.
For people looking to get some extra cash (not saying it's bad - as the post also mentions, it's an active investment), and for people looking for a place to rent while on vacation, it is good.