NYC vs AirBNB vol. Banned camp in 5 boros.

[Xennial]

same here. ah well, I don't ever plan to use AirBnB anytime ever Whats the point of going on vacation and I have to cook and clean up after myself?

 

[frankmatthews]

AirBnB lets NYC accommodate more tourists, more $$ for the city.

I think the bigger issue for the city is the fact these homeowners aren't paying income tax on their gains from airbnb the way a hotel would be taxed on their profits. And im not sure they are charging sales tax on these rented rooms either. City losing money.

 

[RustyShackleford]

Housing supply in NYC is already a problem, AirBnB was just making it worst. I empathize with people that will lose out on the spare cash they need, but there is a bigger public policy issue to consider.

 

[ninjahood]

on paper it shouldn't of effected homeowners but da city cracks dowm on them by being petty ..(wild erroneous obscure fines & taxes)

 

[teamjordan79]

effectively turn their homes into hotels -- and thus take potential rental housing off the market and deny cities tax revenue.

---------
Isn't that the point of AirbNb? 95% of what's out there are second homes for people who may not be using their home for 3 months during the summer, so its basically a hotel for 90 days. Any tourist spot especially in the NE are full of these second homes from rich folks who rent out their property for a quarter of the year (or longer).

I don't get what the difference between that and NYCs issues are

You're comparing apples and oranges. The houses in the NE are in rural or semi-rural settings, with very little going on economically (thus very little reason for people to move there --> less population density), whereas cities attract more people due to the economic opportunities they offer and some of them, like NYC and SF, cannot expand horizontally. Having AirBNB in the latter areas is creating a substantial increase in housing costs for those not in the wealthy socioeconomic section of the population. That's it was banned in Germany.

The road to hell.....

NE, NYC...it shouldn't matter. These laws are antithetical to free market capitalism we're always hearing about.

AirBnB lets NYC accommodate more tourists, more $$ for the city.

Ideologies are like scientific models. They only work as they should in ideal conditions, and the real world is less than ideal. Free market capitalism (as in capitalism without regulations) often leads to collusion (companies banding together and raising prices as high as they can instead of competing to keep prices low); it has never worked in favor of the consumer IN THE LONG TERM.

Tourists don't contribute to the life of the city as much as locals do, and their presence often engenders costs that are seldom discussed: additional police, more wear and tear on the infrastructure, increased population density, traffic, etc...
Tourists don't cut your meat at the grocery shop or serve you food, they don't keep your streets safe and clean, they don't respond to your emergencies, they unplug your toilets, they don't teach your children and young college students, they don't hold concerts, make movies, or hold art exhibits. All those activities generate revenue, and if all those people are priced out of the city because a few wealthy people want to become part time hoteliers, the amount you will get in tourist dollars will never match what you'll lose in services

Finally, I find it interesting that at least one of the people complaining about the law doesn't even pay the local housing market rate but wants to invoke free market capitalism as if he's an active participant.

Pots and kettles...

Agree on the collusion part. Except they collude via legislation.

 

[Mark Antony]

its called pandering to da hotel lobby.

 

[storm2006]

Same thing w/ Uber/Lyft being fought by the cab industry. They recently kicked em out of Philly for some foolish reason.

Que? I took an Uber in Philly just yesterday

 

[harlemtothebronx]

They're only interested in protecting tourism money.

 

[Brownstone]

its called pandering to da hotel lobby.

Also, revenue for the city, and accelerates gentrification. 

This will go to the supreme court eventually. Too much at stake, I plan on buying a luxury condo in the near future, with plans to move to another state and rent it out/airbnb it. This issue will spread, and become more prevalent in smaller scale city's. Hotels are adapting to millennials, by building smaller, more self- sufficient hotels, that are cheaper and require less service.

 

[Xennial]

 
Also, revenue for the city, and accelerates gentrification. 

This will go to the supreme court eventually. Too much at stake, I plan on buying a luxury condo in the near future, with plans to move to another state and rent it out/airbnb it. This issue will spread, and become more prevalent in smaller scale city's. Hotels are adapting to millennials, buy building smaller, more self- sufficient hotels, that are cheaper and require less service.

 

[Brownstone]

 

http://tru3.hilton.com/en/index.html