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The article’s premise is flawed. Banning Airbnbs obviously won’t reduce housing costs; rather, it aims to prevent even further price increases. One study confir
by fny 2y ago
The article’s premise is flawed. Banning Airbnbs obviously won’t reduce housing costs; rather, it aims to prevent even further price increases. One study confirms this link[0], but it’s unclear whether the effect size is meaningful.
[0]: https://marketing.wharton.upenn.edu/wp-content/uploads/2019/08/09.05.2019-Proserpio-Davide-Paper.pdf https://marketing.wharton.upenn.edu/wp-content/uploads/2019/...
- solardev 2y agoThank you!
- chermi 2y agoWhy is it obvious getting rid of Airbnb won't reduce housing costs? All else being equal, it could increase supply if the hosts are holding on to them only for renting. Increase supply = reduce cost, no? Edit, and by cheaper, I mean less than they would be otherwise. Maybe that's the confusion I'm having.