4 ms·
Actual research suggests the effect is tiny. "At the median owner-occupancy rate zip code, we find that a 1% increase in Airbnb listings leads to a 0.018% incr
by zbrozek 4y ago
Actual research suggests the effect is tiny.
"At the median owner-occupancy rate zip code, we find that a 1% increase in Airbnb listings leads to a 0.018% increase in rents and a 0.026% increase in house prices."
https://pubsonline.informs.org/doi/10.1287/mksc.2020.1227 https://pubsonline.informs.org/doi/10.1287/mksc.2020.1227
- miguelazo 4y agoClicks on "actual research," finds the usual econometric voodoo. Even better, the use of instrumental variables to supposedly "isolate" effects. Totally representative, I am sure. PS: the author's own words contradict your claim that the effect is tiny, although again I think this is a serious undercount resulting from a poor model and ever worse availability of data nationwide: "This means that, in aggregate, the growth in home-sharing through Airbnb contributes to about one-fifth of the average annual increase in U.S. rents and about one-seventh of the average annual increase in U.S. housing prices." https://hbr.org/2019/04/research-when-airbnb-listings-in-a-city-increase-so-do-rent-prices https://hbr.org/2019/04/research-when-airbnb-listings-in-a-c...