Thursday, 3 May 2018

Airbnb cost NYC renters more than $600M: report

Airbnb has cost renters in New York City $616 million. A new report from New York City Comptroller Scott Stringer detailing the website’s effect on housing affordability from 2009 to 2016 tried to isolate Airbnb’s impact by comparing what rent growth would have been without Airbnb listings to what rent growth actually was, according to Bloomberg. The report says that when people put up their apartments for short-term stays, they are basically removing them from […]



source https://therealdeal.com/2018/05/03/airbnb-cost-nyc-renters-more-than-600m-report/

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