5 ms·

> New York City is a city of renters, yet despite its high stock of rent regulated housing, in 2015, rents continue to rise. Most economists do not agree that

> New York City is a city of renters, yet despite its high stock of rent regulated housing, in 2015, rents continue to rise. Most economists do not agree that rent control is a useful way to maintain housing affordability: http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_6upyzeUpI73V5k0 http://www.igmchicago.org/igm-economic-experts-panel/poll-re... I don't see any real support here for the assumption that Air B'n'B is having a negative impact.

varunjuice 12y ago
Anecdotal evidence here. The last person renting the apartment I rent in NYC didn't live in the apartment. She was renting it as two units on AirBnB (and lived in different building). She was kicked out when the landlord discovered it, and we were lucky to grab it. If at all, this proves that long term rental units are being rented on Airbnb. This might not drive rent but drives availability of units.