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san_serifs t1_iyy1yls wrote

Reply to comment by Dichotopotamus in Airbnb likely to lose more than 10K listings in NYC under tight new rules by NecessaryMistake9754

The interest rates on those investor mortgages are probably ratcheting up and those ridiculous cleaning fees are what is covering that.

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Round-Good-8204 t1_iyzhzto wrote

Exactly. Unfortunately, nobody cared about locking in a fixed rate at like 4% because "it could go back down, you don't know".

I don't even own a house or car or any loans in my name, and I still feel like I'm catching the back end of the fallout because now everything I need is more expensive. Even local bodegas are charging more for stuff because they need the money to cover their ridiculous mortgages.

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san_serifs t1_iyzyokd wrote

Bodega prices mostly increased because wholesale prices increased. There could be other factors for some stores, but that is the main one.

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