Submitted by NecessaryMistake9754 t3_zch644 in nyc
Dichotopotamus t1_iz114va wrote
Reply to comment by Dichotopotamus in Airbnb likely to lose more than 10K listings in NYC under tight new rules by NecessaryMistake9754
LOL why so many negative comments? It's literally basic economics. Skyrocketing inflation, lockdowns stopping Airbnb hosts revenue. Remember most of them are independent owners, not hotel chains who have the scale to manage that downturn. So Airbnb hosts have to recoup by charging crazy rates or they're going to get foreclosed. I suspect many comments here are economic illiterates or deniers. We know the type.
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