This does nothing to address NYCs actual housing shortage, and will hurt the market more than it helps.
New York City’s housing stock has only increased 4% since 2010, not nearly enough to keep up with its 22% increase in jobs. And from 2017 to 2021, New York City permitted 13 homes for every 1,000 residents in 2017
Housing stock isn’t just total number of housing units, it’s available housing on the market. This will absolutely free up property that’s been hoarded off for AirBNB rentals
I would be interested to see stats on the impact of this a year down the line. From what I’ve seen, Airbnb has a very tiny percentage of actual housing stock, but (deservedly) disproportionate impact on public perception.
I do actually think it’s a small percentage, but it’s been reported that a lot of realtors/landlords have been running AirBNB’s in empty units fraudulently in order to skirt laws and regulations. Not sure if it’s still happening (I saw this reported maybe 3 years ago now?).
Institutional landlords make up a large chunk of the housing stock though, we need to combat that as well.
Isn’t there a traffic jam every year? Look, I know people like to shit on “burners” but really, who cares. Let them have fun I guess? Again, who cares?
Stand back and pick up the soap, nutty. I hope they send him to wherever they lock up the Bloods and Crips gang members they arrest, maybe he can explain to them how he’s not a racist.
Not surprised that NYC is overcorrecting once again. I work in the industry and out of 2500 apartments we estimate around 20 are tenants involved in short term rentals. The last two we caught were even people that rent multiple rent-stabilized apartments and run their own business on Airbnb. This not only puts a pressure on unit supply in general but also specifically removes affordable housing opportunities for those in need.
At least with the buildings I’m involved in, the bigger issue is the state removing any ability to raise rents on vacant rent-stabilized units. We have at least 60 units sitting vacant indefinitely because it would take over 5 years to recover the cost of fixing up the unit and getting it rented. This rule was meant to stop shitty landlords drom taking advantage of tenants but if their focus was on tenant protection laws instead of completely removing all incentives to invest capital in old units they wouldn’t have swapped one issue for another.
I’m sure there are legitimate uses for Airbnb that have now been completely eliminated and we’ll see unintended consequences down the line.
I think a lot of people have kinda forgotten what NYC was like before companies like airbnb and uber showed up.
Before Uber, there were underground networks of ride sharers that had to evade the police by using “secret” signals and code words. It was absolutely wild, required a ton of trust and only really existed because of the stranglehold the cab companies had over the city.
I wouldn’t be surprised if there was a similar system in place for rentals before airbnb showed up.
“removing any ability to raise rents on vacant rent-stabilized units”
Am I misreading or doesn’t this actually sound great? Whoever wants to raise the rents can fucking starve for all I care. if it’s too expensive to fix and rent out then you should lose the place. what’s not happening?
At least with the buildings I’m involved in, the bigger issue is the state removing any ability to raise rents on vacant rent-stabilized units
NYC housing law allows close to unlimited rent increases when apartments are vacant, especially if there are (however dubious) “improvements” made.
If your “issue” is “inability to endlessly profit off an investment in something that should never have been treated as a financial instrument in the first place”, then get fucked. Otherwise, please explain.
“Publicly funded” doesn’t mean “publicly owned.” Plenty of states give grants and tax incentives to film productions to entice them to work there. That’s tax dollars going into a copyrighted work.
And being of a public figure has absolutely no bearing on copyright. If it did, paparazzi wouldn’t exist, because they wouldn’t be able to effectively sell their photos.
For photos the copyright belongs to the photographer. If this was a federal employee (it wasn’t) , then there’s no copyright. If it’s a state employee then it’s possible it could be copyright or you could argue that the ban on copyright for government works is incorporated to states as well. There’s also the technicality that if it’s a contractor then there’s copyright no matter what.
The free market isn't going to solve this problem. It isn't profitable to solve climate change.
This is where Governments are meant to step in, to serve the best interests of the people... instead they're too busy bickering over bullshit, and giving themselves and their cronies handouts.
If you’re impressed by your number, you just don’t understand how big China is…
And tarrifs on cheap foreign profits is really the only way to stimulate internal production. Not sure where you were a few years ago, but COVID should have taught you why domestic production is important
Because the people working those sweatshops have such great lives too.
Their lives are demonstrably better than before those opportunities arrived, and the increased wealth enables governments to grow inclusive institutions that ban sweatshops and still benefit from the relative value of the US dollar to local currency
People with my views do run the economy. This is economic orthodoxy.
No I didn’t bring up slavery at all, and equating paid jobs that do not exist until a company invests in a developing nation with slavery is disgustingly offensive.
Developing nations are developing because of outside investment, and equating that to the rape of their lands and people that was chattel slavery is a monstrous thing to do.
Sweatshops, while terrible working conditions, are paid labor and people seek out those jobs because the money is so much better than what they were doing before.
I am not pro sweatshop. International trade is so good for developing nations that even sweatshops are better than what they had. I’m all for treaties that straight up require investment capital to regulate that any foreign suppliers meet a certain level of safety and health regulations.
The reason that foreign investment in labor is profitable is not because of sweatshops but because of comparative advantage. An easy example is Mexico where the US dollar is currently worth 18 pesos, meaning you can pay a Mexican laborer 1/5th of what you pay an American and still are actually paying them more relative to their cost of living than an American.
This is true worldwide and is the essence of global trade, and it is impossible to call this a bad thing without just straight up saying you don’t give a shit about the livelihood of the Global South.
Comparative advantage is the reason that standards of living are rising worldwide. This investment spurs local capital growth, grows institutions to be inclusive instead of extractive, and in the long term encourages democratic reforms.
The US should, and does when our President isn’t a drooling imbecile, see global trade as a form of soft power and spreading of democracy.
So after reading the article, there is no information as to what China is spending $6 trillion on. The vast majority of the article discusses how China is building a really long road and that they will be depending on coal until at least 2050.
The free market is the only solution to climate change, and it is absolutely profitable to solve climate change.
The problem, as the article indicates, is that we currently subsidize fossil fuels and do not tax them to pay for their externalities, stacking the deck in favor of fossil fuels companies and away from green energy transitions.
Even with that in place, capital is flying toward green/renewable energy.
A carbon tax is 100% needed, and dividends can be handed out to bottom quintile earners to offset the cost for those who literally cannot survive the increases a carbon tax causes. Problem there is just that taxing fuel in the US almost guarantees you lose your next election.
That is wild! I watched the videos in the linked article, and I’m shocked how easy it is to steal vehicles!
I guess what I see in the movies/shows if hot wiring and the time that takes isn’t the norm nowadays.
IMO I feel like the Shipping Ports need to step up their game as far as inspections and stop the cars BEFORE they’ve been shipped to other countries. I would hope that the car insurance companies would be willing to help the cost of this increased inspections, considering they have to pay the value of the stolen vehicles to the owners…
Port authorities do need to do that, but first the feds have to give them more money and raise staffing levels … cause right now there is not enough people or funding to do the job right.
The physical key and a keyfob is like manual vs automatic. It doesn’t fully prevent your car from being stolen, but it does make it harder to steal said car.
I love to blame how terrible software and ux is in cars as theyre very unreliable, but yes, a lot of this is a port problem
The issue with rotations being “normal” is that it makes it trivial to protect abusers. Just look at the catholic church where it is pretty obvious that any time there is a new priest in town, some kid got molested.
I am also not convinced we would have good national standards considering how many red states are actively trying to cripple education.
At least it’s one target to fight to fix rather than every small town’s own shitty way to be shitty, and blue states would in theory try to counter the red state shittiness.
I don’t know enough to know if nationalizing the police is a good idea, but that’s already an issue. Police can and do just move from one department to another.
At the very least there should be a national license or record that follows them.
There already are records that follow them. Arrest records and police reports. Then the police union plays the qualified immunity card and gets them all their back pay.
Which gets back to “If we lived in a utopia, these steps toward fixing society wouldn’t be an issue”
I hate police unions and consider them organized crime. But I am generally going to vote against ANY precedent for the government breaking up a union because that is the kind of slippery slope that actually has consequences. Instead, I push for politicians who want to get rid of qualified immunity.
I mean it works pretty decently in Canada. We have two ways of becoming a police officer and two systems. The College route is a two year program that focuses on police sciences, psychology, ethics and law. Then there is the RCMP route where you get shipped off for intensive training where you live millitary boot camp style for 6 months for a concentrated version with some physical training and then basically get a cadet status to be apprenticed out to a detachment.
Municipalities can choose to either have a police department run by them or to contract a federal detachment of the RCMP. The RCMP are only on the hook to solve federal law and bylaw enforcement is largely outside their perveiw. They are however cheaper for a Municipality because they are paid for in part by provincial government and 30 percent of their cost comes from the federal level.
The accountability is I think a little better than hiring people with just a GED. The investment of time and education makes a difference particularly since there’s a pretty heavy emphasis on de-escalation models of policing up here. Having an officer actually draw their firearm up here much less point it at a person is a shock.
the early days of airbnb was basically this concept.
they didn't start out as a marketplace for unregulated hotels that destroy housing markets. that didn't happen until after they started cashing checks venture vulture capitalists.
So many people forget this origin. Air mattress in your spare room (in SF), iirc.
As much as I, personally, prefer a house when away - either with the family or as a couple - this is one of the drivers behind the crunch in housing. People can’t possibly afford to by a place to live when the competition is a wanna-be property “entrepreneur” who is going to get 2-4x market rent by doing short term rentals.
Originally my mum moved my brother and I into the same room and rented out the empty room for $40 a night. The cleaning fee was $20 and we still cleared $2,000 in one summer.
My brother and I each got a 5% cut and we bought ice creams from Safeway every day for a week until we got wicked stomach aches
What a crappy article, it doesn’t even say what he was charged with.
Beginning on an unknown date and continuing through on or about August 29, 2023, upon the highseas outside the jurisdiction any particular state or district, in international waters, while on board a vessel subject to the jurisdiction of the United States, the defendant(s) violated:
18 U.S.C. §2237(a)(2)(A) Obstruction of a Boarding
46U.S.C. §70036(b)(1) Violation of a Captain of the Port Order
Basically he’s being done for resisting arrest while at sea.
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