housing - CybAI news

05 Sep

New York Cracked Down on Airbnb One Year Ago. NYC Housing Is Still a Mess

stp2y0 CommentsRAG modelsairbnb, cities, housing, law, New York City

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 up apartments for full-time residents—have been achieved.Airbnb fought New York’s Local Law 18 in court, calling it a “de facto ban” on the platform, but failed to block it. Now, the company is asking New York to reconsider. In a recent post, the company called the outcomes of the law…

The Apartment Rental Market Is Rigged by Algorithms, a DOJ Lawsuit Alleges

stp2y0 CommentsAIartificial intelligence, housing, justice department, lawsuits, Real Estate

If you’ve rented an apartment in the US in the last 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 of Justice today alleges that in many cases it’s not just in your head—and that a single company’s algorithm is to blame.That company is RealPage, a Texas-based firm that provides commercial revenue management software for landlords. In other words, it helps set the prices of apartments. But it does so,…

Banks Are Finally Realizing What Climate Change Will Do to Housing

stp2y0 CommentsRAG modelsbanks, business, climate change, environment, housing, science

Clean energy firms are reaping the rewards of this emerging shift. Aira, a Swedish firm that carries out heat pump installations, recently announced that it had struck a deal valued at €200 million ($214 million) for loan commitments from the bank BNP Paribas. This will allow Aira customers in Germany to pay for their heat pumps in installments.“Banks and financial institutions have a huge responsibility to accelerate the energy transition,” says Eirik Winter, BNP Paribas’ CEO in the Nordic region. That the financing arrangement could also boost property values is a “positive side effect,” he adds.Home renovations and energy retrofits…