Does Airbnb Cause Rents to Rise?

Shelterforce staff

TUESDAY, FEBRUARY 19— Q: Does Airbnb Cause Rents to Increase?  A: Yes! Since hosts can make 50 to 200 percent more on short-term rentals than on long-term rentals, Airbnb affects purchase prices as well.

Despite its preferred image as a home-sharing platform, Airbnb actually involves tens of thousands of rental units that have been pulled off the rental market entirely, constricting housing supply. Since hosts can make 50 to 200 percent more on short-term rentals than on long-term rentals, Airbnb affects purchase prices as well.

This question appears in the Winter 2018-19 edition of Shelterforce magazine. ACT is an affiliate of the National Low Income Housing Coalition which publishes Shelterforce.  Subscribe here.