If Airbnbs were having a significant impact forcing people out of homes, we would see it as an increase in the vacancy rate - but overall vacancy rate is still

If Airbnbs were having a significant impact forcing people out of homes, we would see it as an increase in the vacancy rate - but overall vacancy rate is still dropping like a rock in the US: https://www.census.gov/housing/hvs/current/index.html https://www.census.gov/housing/hvs/current/index.html And FWIW, the Census has not found a significant increase in the number of vacation properties in the last few decades: https://www.census.gov/data/tables/time-series/dec/coh-vacation.html https://www.census.gov/data/tables/time-series/dec/coh-vacat... The foreign ownership thing seems like a bit of a distraction. They don't seem to have significant impact on vacancy rates - they are still insanely low even in places like NY and SF. And to the extent that they are buying up properties as speculation that seems like a symptom of supply constraints more than a cause of.