Submitted by fluffykintail t3_11sqx12 in nyc
CactusBoyScout t1_jcfnpe0 wrote
Reply to comment by ejpusa in Nearly 1,500 buildings ban Airbnb and other short-term rentals by fluffykintail
500,000 people moved here in one decade while only 100,000 new units were built. Even if every Airbnb and every empty unit returned to long-term renters, we’d still have a housing shortage.
https://en.wikipedia.org/wiki/New_York_City_housing_shortage
WikiSummarizerBot t1_jcfnr70 wrote
New York City housing shortage
>For many decades, the New York metropolitan area has suffered from an increasing shortage of housing. As a result, New York City has the second-highest rents of any city in the United States. Shortage has long been usual. World War I and World War II left housing shortages that persisted in peacetime.
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azdak t1_jcgqlul wrote
just because you cant totally eliminate a problem doesn't mean you shouldn't try to improve things
CactusBoyScout t1_jcgy80t wrote
Yeah I’m just saying let’s focus on the larger issue: the shortage of housing.
The aforementioned vacant units and Airbnb units aren’t nearly as big of a problem as NYC’s chronic under building of housing.
theageofnow t1_jciib84 wrote
The success and profitability of AirBnB is due to the demand for lodging, temporary and permanent, shadowing the small amount of supply. If apartments (and hostels, SROs, and other options) were abundant and plentiful and easy to come by, then far fewer people would be using AirBnBs as temporary housing.
ejpusa t1_jcfomj4 wrote
NYC is very, very, very simple.
If you want the amenities the city provides, you need to make more money.
You can find an apartment upstate for the price of a single dinner in NYC. There’s your option.
So can we can wrap up the conversation. Just head North, to a prison town. Apartments are many.
As my friend from one of those “other cities” is fond of saying: OMG, does every girl look like a super model in NYC? How can you survive this on a daily basis? This is INSANE!
But we did drop him off in the Meat Packing District, may have had something to do with it.
Needless to say, NYC ain’t going to be cheap. The amenities are many.
:-)
CactusBoyScout t1_jcfs9r6 wrote
Telling people to just move elsewhere hasn’t worked so far. Good luck with that strategy.
DutchmanNY t1_jcfx0d4 wrote
It's really the only answer. Everyone can't just live wherever they want. You gotta pay to play. (Unless you're seeking asylum of course)
CactusBoyScout t1_jcfylhm wrote
Unfortunately virtually every major city says the same thing and that’s why this is a problem nationwide. People can’t just all move to Utica where the lackluster economy is the reason for the cheap rent.
Every city/state that saw the slightest influx of people during the pandemic is now saying the same thing: Don’t come here.
It’s not a realistic response to increased demand. Just have to build more housing.
ejpusa t1_jcg1lgn wrote
On Zillow my UES is a sea of rentals. The average income is well into the 6 figures.
People want $700 a month apartment, it’s unrealistic, but it’s their hill to die on for them.
NYC has the greatest amenities in the world, to have that all $0? Just don’t that’s possible. Figure that should average out to about $50 extra a day vs living in Cincinnati.
tonka737 t1_jci9sfy wrote
Wouldn't Dubai have greater amenities?
theageofnow t1_jciifd4 wrote
Upstate towns with prisons probably have higher rents than those that don’t even have any major employer like that
ejpusa t1_jd8539h wrote
Makes sense, but does not work out that way. These communities can be so soul crushing. Rents reflect that. It's really rural America, not many people are rushing to work in maximum security prisons, most people want to work for Apple. Those jobs just don't exist in those communities. There is nothing. Just the prisons.
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