NYC Banned Airbnb to Fix Rents. Here’s Why Your Landlord Is the Real Winner.
NYC’s Airbnb ban did return units to the long-term market, but the real question nobody’s answering is whether rents actually fell. The uncomfortable truth: the units came back at market rate, benefiting landlords more than tenants. Without neighborhood-level data comparing Airbnb-heavy zones to others, we’re celebrating a policy victory before the results are in. The ban gave us a scapegoat, not cheaper rent.