Categories: Hoboken Condos
I wrote about some of the issues raised by AirBnB’s proliferation in Hoboken the other day. Today, while at a photo shoot with a tenant, she mentioned that when her parents were here from Europe, they stayed for the week at an AirBnB at Marine View Towers. Marine View is supposed to be, and I believe was constructed as, subsidized housing for middle income residents. I’m no expert in HUD or how they were funded or who owns them now but I do know this – they are not paying property taxes equivalent to what market rate buildings pay. The units there rent for extremely low prices. I have acquaintances who have a 2 bedroom with a balcony and NYC views for under $1,200 a month – including parking, heat and hot water and a pool. So I did a quick search on AirBnB and sure enough, there are people subletting their rental apartments at Marine View for $165 a night.
Is this even allowed in this building? Should it be? Is there some inherent unfairness about taking advantage of subsidized housing at the expense of the city’s coffers and on the backs of other property paying owners only to turn it around and personally profit from the situation? I don’t know about you but this just rubs me entirely the wrong way.