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This Is the True Scale of New York’s Airbnb Apocalypse
(www.wired.com)
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this post was submitted on 10 Sep 2023
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15k units in a city the size of NY seems like peanuts to me. I would be shocked if that creates any noticeable downward pressure on housing prices in the city. Might increase the cost to travel to NYC and depress tourism a bit, but I doubt even that will be a huge effect.
Considering that (as per the newest official numbers I could find) there are 79,190 vacant apartments, this is quite a drastic increase for now.
https://www.nyc.gov/content/tenantprotection/pages/fast-facts-about-housing-in-nyc