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Airbnb bookings dry up in New York as new short-stay rules are introduced
(www.theguardian.com)
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this post was submitted on 06 Sep 2023
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Zoning laws exist for a reason.
Yes and that reason was originally safety, and now is "protecting my investments" at the cost of not having enough housing.
How is a law ending the stealth conversion of residentially zoned areas into commercial a net negative for housing?
Apartments are not commercially zoned, and neither are AirBnBs.
Both should be added to mixed zoning. That would be dope. Stores on the bottom, or alternating floors, with very dense buildings above current height restrictions, is basically the ideal solution.
Apartments are residentially zoned. Hotels are commercially zoned (for good reason).
Turning residential homes into unregulated mini-hotels at scale depletes housing stock, and is a nuisance to residents.
This law effectively blocks residential homes from continuing to be used as hotel businesses operating out of residentially zoned areas, allowing residential units to once again be used as housing, and removing the nuisance to residents.
Please explain why you see this as a NIMBY net negative for housing.
Mixed use zoning is absolutely the way forward everywhere, but most especially for already-dense cities like NYC. "Nuisance to residents" is always, and will always, be a terrible reason to do anything. A nuisance isn't a health concern, but a preference. Their preferences are irrelevant when the market is on fire.
There are 40k AirBnBs in NYC, and a housing shortage of literally millions of units. https://www.pewtrusts.org/en/research-and-analysis/articles/2023/05/25/new-yorks-housing-shortage-pushes-up-rents-and-homelessness#:~:text=The%20problem%20is%20acute%20in,%2C%20and%20Houston%20(5).
This is not a big enough number to actually dent the housing shortage, and a not-insignificant number of these people are doing part-time rentals to make ends meet, which means they're gonna get evicted. Meanwhile, the landlords people are bemoaning will simply rent their properties at the AirBnB rate to not lose income since the net housing has not meaningfully shifted.
I agree with your sentiments about multi-use, multi-story buildings. I am, however, a bit baffled as you how you seem to have confused New York fucking City with the suburbs. NYC is the most dense city in the US. In fact, a quick wiki search has the NYC metro area occupying the top 12 spots for density.
It's the most dense city and yet it is not dense enough