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.

  • chicken@lemmy.dbzer0.com
    link
    fedilink
    English
    arrow-up
    4
    ·
    1 year ago

    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
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

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