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I’m curious. Why do you think anything less than 20% will not have an effect? Why isn’t that tipping point number, 0.01% instead of 20%, for example? For examp
by addicted 5y ago
I’m curious. Why do you think anything less than 20% will not have an effect? Why isn’t that tipping point number, 0.01% instead of 20%, for example?
For example, gentrification effects in a community can be felt at much much lower numbers than that. In fact, it can take only a few handfuls of rich people moving into an area for it to start gentrifying because it completely changes the expectations landlords have. Suddenly landlords will greatly increase income requirements and rents and this leads to a feedback loop that makes people with an income above a certain level who wouldn’t even consider living in that area, to now make it an option.
The tipping point in gentrification, for example, isn’t caused by an increase in demand, but instead, an increase in expectations both on the supply and demand sides, which then leads to an increase in demands.
- handmodel 5y agoI probably articulated that poorly but my general thought is that in any urban area (the paper talks about Boston a lot) there is already going to be a fairly large amount of turnover/subletters. I've lived in ADUs in residential SFH areas and have subletted apartments. The 20% is arbitrary but I guess my general instinct is that because the baseline for turnover/short-term subletter in any area that is somewhat urban (the focus of the paper) is going to be 5-10% minimum. The 20% I admit I pulled out of my ass, but its hard for me to fathom how a 3% usage in AirBNB would be more impactful than an area that sees 20% year turnover and a 15% subletter rate.