undefined | Better HN

0 pointscollyw9y ago0 comments

I would argue that Airbnb is doing the opposite. Using residential housing for tourists, reducing the supply, when perfectly good hotels are available.

0 comments

meric9y ago

The hotels's profitability will reduce, and the marginally profitable ones will be converted into apartments, increasing residential supply.

Naritai9y ago

To avoid being laughed out of the room, you'll have to prove that the growth in residences due to hotel closures is greater than the loss of residences due to AirBNB.

meric9y ago

Let me clarify, the increase in housing supply is a reaction towards an increase in AirBNB's and may not cancel out the decrease in housing supply due to those AirBNB's. I made the comment to say the decrease in long term residences is not as great as the number of residences allocated as AirBNB's.

One hotel converted into condominiums create 1100 residences,[1] out of < 30000 AirBNB rentals in NYC. It's such a "problem" the council wanted to ban it. [3]

[1] http://www.marketwatch.com/story/waldorf-astoria-hotel-to-be...

[2] https://news.ycombinator.com/item?id=11992112

[3] http://nypost.com/2015/05/11/council-plan-would-limit-changi...

1 more reply

j / k navigate · click thread line to collapse

0 comments

meric9y ago

The hotels's profitability will reduce, and the marginally profitable ones will be converted into apartments, increasing residential supply.

Naritai9y ago

To avoid being laughed out of the room, you'll have to prove that the growth in residences due to hotel closures is greater than the loss of residences due to AirBNB.

meric9y ago

One hotel converted into condominiums create 1100 residences,[1] out of < 30000 AirBNB rentals in NYC. It's such a "problem" the council wanted to ban it. [3]

[1] http://www.marketwatch.com/story/waldorf-astoria-hotel-to-be...

[2] https://news.ycombinator.com/item?id=11992112

[3] http://nypost.com/2015/05/11/council-plan-would-limit-changi...

1 more reply

j / k navigate · click thread line to collapse