Why You Can't Afford Most Hotels In New York City (and other places as well!)
Apr 27, 2024 05:50:04 #
One other aspect of the "I*****l M*****t" problem that is flying under the radar!
There is a "massive amount of buying up of hotel room blocks by the city in order to house newly arrived migrant populations. This warps the market for hotel rooms in profound ways. NYC has at least 140 active contracts with city hotels to fill all their vacant rooms, normally valued around $110 per night, but marked up by 73 percent to $190 for a room. Vacancies mean lower prices, but if surrounding inns are full, hotel prices rise for consumers.
This arrangement may not be what hoteliers had in mind for their business, but it has proven highly lucrative for the properties cooperating with the city in these contracts."
https://www.zerohedge.com/political/why-you-cant-afford-most-hotels-new-york-city
There is a "massive amount of buying up of hotel room blocks by the city in order to house newly arrived migrant populations. This warps the market for hotel rooms in profound ways. NYC has at least 140 active contracts with city hotels to fill all their vacant rooms, normally valued around $110 per night, but marked up by 73 percent to $190 for a room. Vacancies mean lower prices, but if surrounding inns are full, hotel prices rise for consumers.
This arrangement may not be what hoteliers had in mind for their business, but it has proven highly lucrative for the properties cooperating with the city in these contracts."
https://www.zerohedge.com/political/why-you-cant-afford-most-hotels-new-york-city
Apr 27, 2024 07:09:53 #
ACP45 wrote:
One other aspect of the "I*****l M*****t"... (show quote)
Is NYC getting money from Biden for this?
My question is how long will this go on? And when the government gets tired of paying for all these i******s (i.e., after the e******n) where are they going to go where they can get their freebies?
They will branch out into the suburbs to our towns and smaller cities…where they can do what they do best…l**t and squat.
I sincerely doubt they are going to become working, tax-paying American citizens.
..
Apr 27, 2024 11:21:54 #
EmilyD wrote:
Is NYC getting money from Biden for this?
My question is how long will this go on? And when the government gets tired of paying for all these i******s (i.e., after the e******n) where are they going to go where they can get their freebies?
They will branch out into the suburbs to our towns and smaller cities…where they can do what they do best…l**t and squat.
I sincerely doubt they are going to become working, tax-paying American citizens.
..
My question is how long will this go on? And when the government gets tired of paying for all these i******s (i.e., after the e******n) where are they going to go where they can get their freebies?
They will branch out into the suburbs to our towns and smaller cities…where they can do what they do best…l**t and squat.
I sincerely doubt they are going to become working, tax-paying American citizens.
..
New York is a s**thole. They brought it on themselves. Let them deal with it.
Apr 27, 2024 13:46:01 #
ACP45 wrote:
One other aspect of the "I*****l M*****t"... (show quote)
I got this one ,
Because you’re not making enough money at your right to work for less employer.
Apr 27, 2024 13:48:51 #
ACP45 wrote:
One other aspect of the "I*****l M*****t"... (show quote)
Frankly, who would want a hotel room in NYC?
Apr 27, 2024 13:50:41 #
Smedley_buzk**l wrote:
New York is a s**thole. They brought it on themselves. Let them deal with it.
Trump has already taken credit for building
New York City !
Did he build us another s**thole ?
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