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.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
King County Supportive Housing Program Offers Hope for Unhoused Residents
The county is taking a ‘Housing First’ approach that prioritizes getting people into housing, then offering wraparound supportive services.
Researchers Use AI to Get Clearer Picture of US Housing
Analysts are using artificial intelligence to supercharge their research by allowing them to comb through data faster. Though these AI tools can be error prone, they save time and housing researchers are optimistic about the future.
Making Shared Micromobility More Inclusive
Cities and shared mobility system operators can do more to include people with disabilities in planning and operations, per a new report.
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.
planning NEXT
Appalachian Highlands Housing Partners
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie