Certainly it would, temporarily. Like placing a large buy order on a stock. But prices would quickly normalize since it would be a one time thing. Supply would

Certainly it would, temporarily. Like placing a large buy order on a stock. But prices would quickly normalize since it would be a one time thing. Supply would quickly tighten up again and prices would resume the march upward. And even the short term downward price pressure wouldn’t affect prices by much. We’re not talking the 50%+ drops that would be needed to make housing in the area “affordable” relative to incomes—-as it was for at least half of the last century. Also important to remember, many of those Airbnb’s would not be legally zoned for permanent occupancy.