563
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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.

you are viewing a single comment's thread
view the rest of the comments
[-] chicken@lemmy.dbzer0.com 4 points 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 1 points 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.

this post was submitted on 08 Sep 2023
563 points (98.8% liked)

Technology

59080 readers
3751 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS