We’re in a critical housing shorting in America’s largest cities. Worse than critical, really.
And a whole lot of entities – especially LLCs and corporate entities – buy up apartments and condos in NYC and other metros and act as absentee landlords and put them up on AirBnB. And some VERY needed real estate and housing goes unoccupied.
And AirBnB landlords of this nature are usually shittabout about screening people who take those apartments, and some really bad shit can happen in them, too. There’s a set of upper floor apartments here in St. Louis in a nice downtown neighborhood that the AirBnB owner has been renting to kids for underaged drinking parties and the like. A few months ago it devolved into a gunfight – the third such gunfight in the year, and this time two kids were killed.