Hopefully the homeless pissing and puking and shitting all over these open gangways is easily cleanable!

Hotel rooms mostly - same places that were used during the pandemic as homeless shelters. The hotels found out they can rent a room to the city for let’s say 400 a night with no need to turn it around or market or have empty rooms. Pretty much a bonanza for hotel owners in a down season for tourism

For context that is $4 billion dollars on an annualized basis or $132,500 per migrant. Feels unsustainable - should either lower the cost to something manageable (read shelter housing not paid for hotel rooms in Manhattan, the most expensive place on earth) or move them upstate or better yet to the interior of the country where there’s a combination of labor shortages and cheaper cost of living

This is why fed will have to raise rates higher than people think. Inventory will come from job loses, not mortgage rates. Have to hike til there’s massive layoffs of homeowners in order to provide the necessary correction

Uber / Lyft have announced they will be hiking prices commensurate with the increase in taxi rates