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...“Most people in New York City and beyond feel like there was absolutely a win-win on the table,” he said, citing offers to city authorities to introduce a hotel tax or a housing registration scheme to limit...
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...New York, San Francisco and London are led by progressives who wring their hands publicly over their acute and long-running housing crises....
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...Authorities worldwide are increasingly targeting Airbnb as housing has become scarcer for local residents, rents have risen and cities have been overrun with tourists....
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...Meanwhile, its residents are increasingly the source of Manhattan’s workforce because of its affordable housing — something New York’s suburbs lack....
...But Eric Adams, New York’s Democratic mayor, said in a speech in August that the city has gone “past our breaking point”....
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...“New apartments that are being built are mostly in the city centre and very expensive,” she says. “The prices are extortionate. It’s impossible for a person alone to even buy a studio.”...
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