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The End of Airbnb in New York
(www.wired.com)
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this post was submitted on 08 Sep 2023
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A blessing, really, for cities experiencing housing shortage.
A bummer though for anyone visiting as hotels become the only option, and prices go way up, beholden to moneyed corporate interests who lobby politicians in their favor and pockets.
Ed: just wow on the downvote brigading. Upvote/downvote is supposed to reflect whether or not the comment contributes to the conversation. Not killing the messenger when it's some info someone doesn't want to hear.
This is just very standard macroeconomics supply and demand, plus regular institutionalized political corruption.
Yes, Abnb sucks shit, and their prices are stoopid high, but that's the free market.
Ban them and watch hotel prices go up. Simple as that.
Airbnb prices are approaching that of hotel rooms. You typically get a kitchen at an Airbnb, but the price argument doesn't seem accurate from the listings I've looked at.