Suppose ABNB shuts down tomorrow and all the owners decide to put their units on the long-term rental market instead. OK, you've got your 20% bump... for one we

Suppose ABNB shuts down tomorrow and all the owners decide to put their units on the long-term rental market instead. OK, you've got your 20% bump... for one week. The open house starts, an hour later those units are all rented, and how do you suppose prices look the next month? 2000 units of rental housing is 2000 units of rental housing. The right comparison is between the number of units used for short-term vs. long-term housing, not between the number of units used for short term rental and the number of long term rentals available right now.