Less "sharing economy" and more normal economy for New York City in New York City, according to the findings of a recent study.
Alastair Boone shares news of a recent report [pdf] by David Wachsmuth, a professor of Urban Planning at McGill University, that "zeroes in on New York City in an effort to answer the question of exactly what home sharing is doing to the city."
By home sharing, Boone mostly refers to Airbnb, which has been the subject of many previous studies into the impact of short-term rentals on housing markets and the larger economy. Wachsmuth's study focuses on New York City as the third largest and oldest short-term rental market in the world as a case study for the consequences other communities might expect to encounter as short-term rentals gain a larger footprint.
The study did, in fact, find evidence to support the idea that Airbnb "has indeed raised rents, removed housing from the rental market, and fueled gentrification," according to Boone. The study also found evidence that many Airbnb hosts are operating in defiance of the Airbnb's "one host, one home" policy is introduced in New York City in 2016. Commercial operators are responsible for many of the negative effects from short-term rentals in New York City, and they're illegal, according to the article.
FULL STORY: What Airbnb Did to New York City
Study Finds More Reasons to Worry About Airbnb's Effect in the Housing Market
The new study, published by the Urban Politics and Governance research group at McGill University, comes with a major disclaimer: it was funded by the Hotel Trades Council, AFL-CIO, among other.
AirBnbs Now Outnumber Available Apartments in New York
With more short-term rentals on the market than apartments, New York City’s housing market is more competitive than ever.
San Diego Considers Cutting Short-Term Rentals by Half
In a bid to address concerns about vacation rentals in residential neighborhoods, the San Diego Planning Commission recommends cutting the number of short-term rentals in the city in half.
What ‘The Brutalist’ Teaches Us About Modern Cities
How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.
‘Complete Streets’ Webpage Deleted in Federal Purge
Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Healing Through Parks: Altadena’s Path to Recovery After the Eaton Fire
In the wake of the Eaton Fire, Altadena is uniting to restore Loma Alta Park, creating a renewed space for recreation, community gathering, and resilience.
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
Electric Vehicles for All? Study Finds Disparities in Access and Incentives
A new UCLA study finds that while California has made progress in electric vehicle adoption, disadvantaged communities remain underserved in EV incentives, ownership, and charging access, requiring targeted policy changes to advance equity.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research