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The End of Airbnb in New York (www.wired.com)

submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[–] chicken@lemmy.dbzer0.com 4 points 11 months ago (1 children)

hotels are either same price OR less expensive

I don't think that really contradicts what they said though. It doesn't matter which is more expensive, they both exist within the same market and removing supply will make what remains more expensive.

[–] Apollo@sh.itjust.works 1 points 11 months ago

Then the change is working as intended - residential buildings should never have been pulled from the rental market to compete with hotels.