this post was submitted on 08 Sep 2023
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The End of Airbnb in New York (www.wired.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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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.

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[–] LetMeEatCake@lemm.ee 7 points 1 year ago

This doesn't need to immediately lower housing costs to have a positive impact.

Hypothetical numbers... If housing was going to go up 5% in the next year and this change causes that to go down to a 1% increase, it will have made things better. Of course, we'd all like to just go straight to lowered housing costs. But individual changes can still do good and bring us towards that goal without strictly accomplishing it.