> In the first quarter of 2023, there were 144 million housing units in the US compared with 1.2 million available short-term rentals like Airbnbs, according to

> In the first quarter of 2023, there were 144 million housing units in the US compared with 1.2 million available short-term rentals like Airbnbs, according to AirDNA analysis of Census data. That means they make up just 0.8 percent of the housing stock, what Jamie Lane, AirDNA’s chief economist and SVP of analytics, calls a “rounding error.” Assume 1/3rd of residences are in the long term rental market (just a guesstimate for the purpose of illustrating my point) and that of those 3-4% are vacant (a typical vacancy rate). If around 1% of the total number of residences moved from the short term rental market into the long term rental market then the vacancy rate would increase significantly (it could double). To put it another way, the number of short term rentals available could currently be around the same number of long term rental vacancies. Lots of assumptions here, but to call this a 'rounding error' is naive in my opinion.