Airbnb's Gentrification Problem
On today's episode, we discuss the impact of Airbnb rentals on vulnerable New York neighborhoods.
Image: Ilan Costica/Wikipedia
Since Airbnb disrupted the housing market in 2008, cities have been struggling to figure out how the home sharing company fits into urban infrastructure. And that road has been rocky: Landlords choosing to put their properties up for full-time, short-term rentals via Airbnb can cause increased demand and prices for city residents.
In a new report, McGill University researchers David Wachsmuth and Alexander Weisler found that areas like Harlem and Bed-Stuy, which include lower-income housing, are seeing more apartments usurped by short-term rentals. And the influx of tourists can also change the culture and dynamics of the neighborhoods.
On this episode of The VICE Guide to Right Now Podcast, we talked to Motherboard's Ankita Rao about the conflicts that come with New York's short-term Airbnb rentals, and what the company is doing in response.
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