3 ms·
Clicks on "actual research," finds the usual econometric voodoo. Even better, the use of instrumental variables to supposedly "isolate" effects. Totally represe
by miguelazo 4y ago
Clicks 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...