4 ms·

Sadly a lot of landlords have learned that they make a lot more money by doing exclusively short-term rentals on AirBnB. That reduces the supply of long-term re

• ejb999 3y ago
  Exactly - a apartment I know of had 7 units with long-term low to moderate income tenants - one by one each unit was evicted (or non renewed), a quick sprucing up and now 6 of the 7 are only available on AirBNB - and the landlord gets as much per week as he was getting per month before - the tenant in that 7th unit is getting pretty nervous that she is next.
• NoGravitas 3y ago
  Even for normal long-term rentals, some landlords own enough properties that it is more profitable to hold some of them off the market to raise prices than it is to rent them all out at lower prices. So it's also a product of the concentration of the housing rental market. I seem to recall seeing not too long ago a "market intelligence" product that basically allowed landlords to collude with each other to do this, except the collusion was through a service and algorithm that provided plausible deniability with regard to price fixing.