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How to complete a capstone project for money do my capstone medical wembley aviation safety reporting system strengths and weaknesses quotes all right we are live I'm back it's been a few days we're gonna jump right into it there's a new study out basically saying that Airbnb is causing gentrification specifically in New York area in New York City area there's a I'm going to post several links from Politico and New York curbed and there was a study I think done last year also that's included in this study from watchdog Airbnb or something or inside Airbnb their watch Airbnb specifically to see what they're doing so this study was taken from September 2014 to September 2017 and they found out basically that the housing rent went up some areas $300 and in places like Manhattan it went up $700 and the issue with this is is that in the NY curb article that I'm going to post is that the majority of this has happened in predominantly black communities so for instance and Stuyvesant Heights where 75% of the Airbnb hosts are white only 7.5 percent of the residents in the neighborhood I work so you have at least that area is probably around 80% black and 7% white but they make up 75% of the hosts Airbnb hosts in that area so the media rate the media rent has increased 1.4 percent bringing the rent up to 380 dollars that's the average increase of the rent so they're saying that this through these three years they did to study the potentially removed residents were seven thousand to seven thousand people and thirteen thousand five hundred units that were not available from this study so some other findings in the study are that they're making the listings illegal and that's how they receive most of their revenue says two-thirds of the revenue from likely illegal listings entire home / apartment listings accounted for 75% which is four hundred and ninety million of total Airbnb revenue represents 51 percent of total listings so 87 percent of entire home reservations are illegal under New York state law which meant that 66 percent of their revenue which is four hundred and thirty-five million whereas illegal so three hundred and eighty dollar increase in rent which I just said one point four increase in rent and as is the median overall in the last two years and they're saying that they have four thousand seven hundred private room listings they referred to them as ghost hotels which is basically a single part apartment unit but their housing them has Airbnb so the temp the top ten percent of hosts earned a staggering forty eight percent of our revenue while the bottom earned eighty percent last year so I know I'm just reading off a lot of numbers but the key point is 72 percent of the black New York City neighborhoods there are five times more likely to have white Airbnb hosts so out of all the neighborhoods the black neighborhoods in New York they're seventy five there are five times more likely to have white air and be ho Airbnb hosts and the rent in Manhattan has gone up $700 and in other areas we say it's three hundred and eighty dollars now this is important because the connection is we know Manhattan is close to Harlem Harlem has been gentrified has been you know gentrified for several decades now and it's pretty much at the end phase of being gentrified we know Brooklyn is being gentrified so we know the areas that are being gentrified across the country are predominantly black communities so it's just another tactic to you know instead of pushing people out you're just raising a housing value market basically essentially that's what you're doing so the loss of housing and neighborhood disruption due to Airbnb is six times more likely to affect black residents based on their majority preference the residents in these neighborhoods are fourteen percent white in eighty percent black so I just said a couple minutes ago you know eighty percent black usually so and this is important because this is happening in areas they said well there's a strong tourist demand and which give them a strong economic incentive to make short-term rentals now when I spoke with Samantha Hulu on gentrification in East LA in the Virgil Village area she was saying that there was a dive bar that was famous and it was around for several decades and basically she had to the owner the store was brought and the owner had to and end up basically losing the place because they changed it to a short-term rental she wanted to pay annually and you know some in businesses you might have a slow month you might have a good month so that's a tactic that's used to gentrify people so when you have short-term rentals you the turnover rate is obviously gonna be higher more than likely so the neighborhoods where the short were the ratio of short-term rates to long-term rates are the highest is where the data suggests that the money is to be made but landlords haven't seized on opportunity basically they're saying that the neighborhoods at greatest risk for Airbnb are gentrification neighborhoods that are being gentrified because they're more vulnerable to short-term leases so you have you have the art economic the art aspect the art district the culture class and you know different there's so many different areas to tackle this not to tackle but that gentrification is used as an attack on the black community now we and it's not being talked about really and it's really it's kind of a sleuth move like it's a disguise move too and that doesn't mean that this is intentionally Airbnb intentionally wanted to do this it's just when people are not aware or when people you know are not organized enough to prevent this and fight this these kind of things happen during the long run so this is just a short quick midday report I haven't been on in a few days if you are watching this on the YouTube channel make sure you like and subscribe to the make sure you like and follow the Facebook channel if you're watching this on YouTube so again the Airbnb hosts are 75% white they're an 80% black neighborhoods neighborhoods that are being gentrified and they're making 160 million dollars the white air being an Airbnb hosts are making 160 million dollars compared to the 48 million dollars that black hosts makes which is a five hundred and thirty percent difference according to this so this is a big company and getting popular is growing yet we see the effects of gentrification and New York City that is causal so that's basically it let me know your thoughts do you feel what can be done I don't know what I don't know there has to be some kind of definitely a big change in the housing market how things are done based pretty much you know a lot of us are ignorant cluding myself to the rules and regulations of you know basically housing laws but this needs to be a justification should be looked at as a basically genocide in a way like soft genocide a slow genocide you know maybe taking it to the UN and you know the right to housing housing should be a right in this country of you know at the very least at the very least people shouldn't be displaced or there shouldn't be scrupulous tactics used to displace people so let me know your thoughts in the comments and I'll leave the link links for the studies and you can look over them and look at them yourself more in-depth if you want to but I basically highlighted the key findings in this study executive data science capstone project for money Empire State College.