Thousands of Airbnbs and other short-term rentals are expected to disappear from rental platforms as New York City begins enforcing tight restrictions.

The End of Airbnb in New York::Thousands of Airbnbs and other short-term rentals are expected to disappear from rental platforms as New York City begins enforcing tight restrictions.

  • Pretzilla@lemmy.worldEnglish
    2252·
    1 year ago

    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.