Airbnb is the culprit of the crisis of affordable housing in new York

Budget apartment in new York — a huge deficit. If you are not lucky enough to live in an apartment with regulated rent, or to become a lottery winner for affordable housing, for a roof over your head to pay from $2 005 to $2, 844 is the average cost of rent, according to Expatistan. Residents of Manhattan and did have to pay about $3500.

In the period from 2011 to 2017 new York lost nearly 183 000 units of affordable housing that cost less than $1000 per month. As a result, the number of homeless is breaking all records: daily in city shelters sleep more than 60 thousand people without a certain residence. Why is this happening?

Blame the company Airbnb and similar services. They distort pricing in the Big Apple, as evidenced by the report of the auditor General of new York Scott M. Stringer.

According to the document, from 2009 to 2016 rents in the city increased on average by 25%. About the same time dramatically increased the number of offerings on the site of Airbnb: from 1,000 in 2010 to 43 thousand in 2015.

A large part of the daily rented apartments are located in Manhattan and in Brooklyn — in these boroughs, the most expensive long-term lease.

The mechanism is simple: an online platform for renting apartments are gaining popularity as a cheap alternative to hotels. As a result, the owners prefer to rent housing to rent, withdrawing it from the market long-term lease. Smaller proposals in the past, the higher the price, because the demand will not go away.