>AirBNB has greatly increased the supply of housing in each city They've created some supply by opening up some empty rooms and temporarily unused housing to s

>AirBNB has greatly increased the supply of housing in each city They've created some supply by opening up some empty rooms and temporarily unused housing to short term renters. But a significant proportion of AirBnB's listings aren't new supply, they're just reallocated from long term rental properties. This will likely have caused hotel prices to drop, but it also causes long term rental prices to rise.