People are listing short-term rentals on social media and lesser-known platforms, bolstering a rental black market in New York City.

New York’s Airbnb Ban Is Descending Into Pure Chaos::People are listing short-term rentals on social media and lesser-known platforms, bolstering a rental black market in New York City.

  • NeoNachtwaechter@lemmy.worldEnglish
    2116·
    1 year ago

    What did they expect?

    All the people who are renting out some spare appartment should suddenly stop it and move in themselves again? ;-)

      • beengEnglish
        126·
        1 year ago

        Yes, they move to a bigger one and rent out their old one for profit.

        • AllNewTypeFace@leminal.spaceEnglish
          611·
          1 year ago

          And, of course, it would be morally unacceptable to get in the way of them maximising the profits they’re entitled to, such as by forcing them to rent it out long-term to some poors rather than allowing them to run an unregulated hotel room, because invisible hand of the free market or something.

          • beengEnglish
            31·
            1 year ago

            Fine, but don’t profit and offer a decent rent length.

            • NeoNachtwaechter@lemmy.worldEnglish
              1·
              1 year ago

              offer a decent rent length.

              They don’t take that risk.

              In my city, most of the singles actually keep their own appartments when moving in with a new loved one. It isn’t because of the money, it is their safety net so they can move back eventually. Very few of these appartments are actually rented out. Most are just empty.

              And of course they would not want to wait for a year or so.

              • beengEnglish
                1·
                1 year ago

                This number would so low I’m guessing it wouldn’t really move the needle. It’s like having 1 house mate instead of 2 in a 3room appt.

    • stealth_cookies@lemmy.caEnglish
      6·
      1 year ago

      That they would return it to the pool of long term rentals and help drive rent rates down. That or drove them to sell to someone that wants to live there.

    • gian @lemmy.grys.itEnglish
      31·
      1 year ago

      Probably.
      A similar approach is under discussion even where I live and everyone seems to think that forbidding the “short rent” (as it is called here) will magically put all these apartament on the market for “long rent”, lowering the prices.

      Until it is not understood that (well, at least here) AirBnB is not the cause but the result the problem will never be solved.