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.

Read the Full Story Here

Sign up for our mailing list!

Report a Problem Participatory Budgeting Events