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ahem gee1995 because in NYC 50-75% of ALL apartments are supposedly rent stabilized/controlled
otherwise NO ONE can afford it.
except maybe wall street.
but you need more than wall street to run a city.
you actually need people to work not just gamble all day long and have meetings where they do nothing.
so there you have it either own it
or no. for me
i dont like co-ops anyway though
hate regulations.
I see apartments being shared by many all the time.
but they are not temps more like room sharing.
1 family of 3 rents 1 room.
1 family of 3 rents another room.
so 3 bedroom apt has 9 people in them YES I see them all the time.
and they are not tourists but just poor people needing a place to stay.
because rent is too damn high in nyc
Half the people in NYC are immigrants. In the 70s, it was much rarer for apartments and houses to share so many poor people. But white flight emptied out a lot of places. The real estate industry rented and sold to immigrants who jammed apartments with people. I recall being a little boy in the 80s when the two bedroom apartment above us had about 20 people in it. They had litlte furniture and they slept on the matts on the floor.
Half the people in NYC are immigrants. In the 70s, it was much rarer for apartments and houses to share so many poor people. But white flight emptied out a lot of places. The real estate industry rented and sold to immigrants who jammed apartments with people. I recall being a little boy in the 80s when the two bedroom apartment above us had about 20 people in it. They had litlte furniture and they slept on the matts on the floor.
New horror story with Airbnb. This is in California but I believe we have similar laws here, that is, after 30 days of staying somewhere, you actually have tenants rights and it can be very hard to be kicked out.
New horror story with Airbnb. This is in California but I believe we have similar laws here, that is, after 30 days of staying somewhere, you actually have tenants rights and it can be very hard to be kicked out.
Interesting thing, I've heard of people doing and one guy I know just did it - his apartment is market rate and the landlord would prefer he stay. His lease is up and he told the landlord that he would renew if he had permission to rent it out on AirBnB when he was away. Landlord was iffy but then he agreed when the guy offered a revenue split arrangement
I foresee a lot of these deals happening going forward
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