Airbnb Blamed for NYC’s High Rents and Dwindling Housing Market

New_York_Daily_News_logo.pngBy Jennifer Fermino

Airbnb is hurting the city’s already limited housing supply, and is likely removing thousands of units from the market and driving up rents for everyone, according to a study released Monday...“The loss of these units is pushing prices up for everyone,” said City Councilman Mark Levine, one of several pols denouncing Airbnb at a press conference on the study at City Hall.

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  • published this page in Mark in the News 2016-08-04 11:12:16 -0400

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