Researchers in economics did some data-checking, and came to the conclusion that basically, AirBnB does drive housing costs up (although it's not the main reason for the rises).
A summary in the Harvard Business Review :
https://hbr.org/2019/04/research-when-airbnb-listings-in-a-city-increase-so-do-rent-prices
The whole research paper.
"The results in this paper contribute to the debate surrounding homesharing and its impact on the housing market. While Airbnb and proponents of the sharing economy argue that the platform is not responsible for higher house prices and rental rates, critics of home-sharing argue that Airbnb does. This paper provides evidence confirming this latter hypothesis, and it does so using the most comprehensive dataset about home-sharing in the US available to date. Moreover, this paper also provides evidence that home-sharing increases the value of homes by allowing owners to better utilize excess capacity, for example by allowing owners to rent spare bedrooms, or the entire home when on vacation."
Probably true, unfortunately. But I also suppose that what mainly drives the rise in prices in certain areas, is the rise in travel generally. This is also what made AirBnB so successful.
Too many people. Not enough room.
A summary in the Harvard Business Review :
https://hbr.org/2019/04/research-when-airbnb-listings-in-a-city-increase-so-do-rent-prices
The whole research paper.
"The results in this paper contribute to the debate surrounding homesharing and its impact on the housing market. While Airbnb and proponents of the sharing economy argue that the platform is not responsible for higher house prices and rental rates, critics of home-sharing argue that Airbnb does. This paper provides evidence confirming this latter hypothesis, and it does so using the most comprehensive dataset about home-sharing in the US available to date. Moreover, this paper also provides evidence that home-sharing increases the value of homes by allowing owners to better utilize excess capacity, for example by allowing owners to rent spare bedrooms, or the entire home when on vacation."
Probably true, unfortunately. But I also suppose that what mainly drives the rise in prices in certain areas, is the rise in travel generally. This is also what made AirBnB so successful.
Too many people. Not enough room.