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by mellavora
1021 days ago
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> there are people who own apartments in NY that couldn’t afford to live there if they weren’t able to earn some money from renting out their space on AirBnB. Yes, but also turning every apartment into a potential revenue source puts upward pressure on rents. So there are also people who cannot afford apartments in NYC because of short-term rentals. |
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Do we know how many? How much of an effect is this expected to have on rents?