New York City renters already pay some of the highest rents in the US, but the widespread use of Airbnb is pushing even more people out of the city by contributing to soaring rents, New York City’s Comptroller Scott Stringer said, citing a commissioned report by the city. Airbnb counters that rents are now falling in many neighbourhoods.
But now, with condo sales in Manhattan and Brooklyn faltering, an affordable place to live may instead just be a down payment away.
New York City home…
Source : South China Morning Post
Read more…With Airbnb listings squeezing New York condo rents, it just makes sense to buy instead
