Airbnb Heats Up Housing Market in The Melting Pot
Airbnb
Finding a flat in New York often seems to be a mission impossible without the necessary change in someone’s pockets. The only exception is if you are planning a short-term visit to the Big Apple. As in almost any other metropolis in the United States, Airbnb flats have become an often cheaper alternative to pricy hotels. However, misusing rental apartments as vacation homes further ruptures the already yawning rent gap in New York as a study by the New Yorker Bureau of Budget found. This infographic shows the effect Airbnb has on the increase in monthly housing rents in New York’s most affected neighborhoods.
Description
This graph shows the change in monthly rental prices in selected New York neighborhoods due to Airbnb between 2009 and 2016.
