It’s been one year since New York enacted a law that barred most whole-apartment rentals for short-term stays on platforms like Airbnb. Since then, the number of stays under 30 days has plummeted in the city, but Airbnb is raising questions about whether the lawmakers’ stated goals—lowering rents and opening …
Read More »The Apartment Rental Market Is Rigged by Algorithms, a DOJ Lawsuit Alleges
If you’ve rented an apartment in the US in the past several years, you may have had the sense that the game was rigged: Prices creep up not only at your building but at others throughout the city, seemingly in lockstep. A new civil lawsuit brought by the US Department …
Read More »How to Build a Hurricane-Proof House
They couldn’t sleep. A hurricane was lashing their brand-new house with a torrent of wind and rain. Deborah Rodriguez and her husband were miles away, snuggled up in a hotel bed, but they could watch the drama unfold in real time: Their smartphones were connected to their home security cameras. …
Read More »Banks Are Finally Realizing What Climate Change Will Do to Housing
Rising sea levels, biodiversity collapse, extreme weather—these are the grisly horsemen of climate apocalypse. But don’t forget the fretting loan officers. A study published earlier this year found that US mortgage approvals tend to dip following periods of hotter-than-normal weather. For every 1 degree Celsius that temperatures rise above average, …
Read More »Don’t Believe the Biggest Myth About Heat Pumps
If you’re one of the 100 percent of humans who lives somewhere warmer than –460 Fahrenheit, we’ve got good news: You probably qualify for a heat pump. Instead of generating heat, this emissions-slashing superhero transfers warmth from even freezing outdoor air into your home. If the air is warmer than …
Read More »The One Thing Holding Back Heat Pumps
If billionaires actually cared about saving the planet, they’d pool their vast wealth and buy everyone a heat pump. Instead of burning planet-warming fossil fuels, these appliances extract warmth from even freezing outdoor air and transfer it into a building, thanks to neat tricks of physics. In the summer, they …
Read More »Adam Neumann’s Bid to Buy WeWork Failed. Will He Now Try to Compete With It?
Adam Neumann’s bid to buy back WeWork essentially ended this week. A bankruptcy court on Monday approved a deal that gets WeWork out of debt. It could conclude its restructuring and leave bankruptcy by late May following a vote on the deal, thanks to $450 million in financing provided largely …
Read More »Can’t Afford a House? Buy a Piece of One Instead
Nancy Chockley’s $12 million home sits next to a ski slope in Vail, Colorado. It has a chef’s kitchen with sleek appliances, a family room with a modern fireplace, a balcony with mountain views, and four bedrooms that sleep up to 12 guests. But when Chockley packs up to return …
Read More »Luxury Airbnb High-Rises Are Reshaping Miami’s Skyline
West Eleventh residences, a luxury building in downtown Miami slated to break ground this summer, promises “endless indulgences.” It will feature an entertainment center, food hall, and a resort pool with private lounges—no amenity is spared. But these condos are designed to lure more than just Miami residents. The tower …
Read More »6 Months After New York Banned Airbnb, New Jersey Is Doing Great
Six months have passed since New York City all but banned short-term rentals like those offered via Airbnb. The policy was intended to free up apartments in America’s most congested city to become homes for long-term New Yorkers, instead of housing rotating out-of-town guests that bring noise, trash, and worse. …
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