Editorial: Plugging the Hole on Illegal Hotels


Chelsea Now | With Manhattan’s still-surging real estate market, the money to be made renting residential-building apartments to tourists is too enticing to turn down, luring not only individual landlords but major capital firms and corporations into the fray. The stock of affordable housing in Manhattan is dwindling, and illegal hotels are only adding to the crisis. Only strong legal and enforcement mechanisms working hand-in-hand will begin to solve the problem.