Airbnb’s Devastating Effect on Canadian Housing. How Montreal priced out long-term renters as thousands of homes became vacation suites. (2024)
Airbnb Bans Can Make Rent, Housing Prices More Affordable: New Study. The best evidence yet that banning Airbnbs will make rent go down. (2023)
The Role of Short-term Rentals in B.C.'s Rising Rents: A $2 Billion Impact, According to McGill University Study. Summary results: In the summer of 2023, approximately 16,810 homes shifted from residential to dedicated commercial (investor-owned) short-term rentals, signifying a 19.1% decline in housing availability over 2022. The rapid resurgence of short-term rentals in 2022 astonishingly contributed to 28.1% of rent increases that year. The study estimates that tenants province-wide bore an extra $2 billion in rent costs between 2016 and 2021 due to the expansion of commercial short-term rentals. (2023)
Airbnb reshaped these Bed-Stuy blocks. What happens when it’s gone? people who once lived in homes that are now posted as short-term rentals on Airbnb said they faced eviction, foreclosure or other forms of financial hardship before losing their homes. (2023)
City for sale: Airbnb scam quadruples rents, replaces long-term tenants with ghost hotels. Landlords partner with illegal Airbnb operators to evict long-term tenants, raise rents and inflate property values. Everyone wins — except people who need a place to live. (2023)
Why AirBnB Owners Are About To Be Forced Property Sellers. The collapse is most notable in the Southwest and Mountain West areas of the country, where Airbnb revenue per listing is down 40-50% YoY. With owners in cities such as Austin, Phoenix, Denver, and San Antonio taking the hardest hit according to data from AllTheRooms. (2023)
Univ of Hawaii study shows Short-term vacation rentals driving up home prices, rents. If all short-term vacation rentals (STRs) were eliminated on Oʻahu, home prices could drop by as much as 6% and rents may fall by as much as 8%. (2023)
The housing crisis’s Hamlet moment: To Airbnb or not to Airbnb? “If people are renting their place out short-term, well then that place is now no longer available for long-term, so there’s a substitution effect.”(2023)
How older Americans benefit from locally regulated short-term rentals. Any (state-wide) legislation that could strip cities and towns of the ability to protect their communities and weaken oversight of short-term rentals puts these same communities at risk. (2023)
Research commissioned by Shelter Tasmania says increase in short-stay properties had impact on availability of rental houses for local people. The findings contradict claims made by STR industry stakeholders that short term rentals were not pulled from the long-term rental market. (2022)
NYC could gain 10,000 long-term housing units because of new short term rental regulations. (2022)
Is Airbnb Contributing to the Housing Crisis? Planners and policymakers are beginning to see the effects of the abundance of Airbnb listings and how it impacts a growing housing crisis. This correlation between the increase of homes that have become dedicated to serving as Airbnbs and the rise in rental rates has been dubbed “The Airbnb Effect”. (2022)
Puerto Rico Short-Term Rental Growth Exacerbates Housing Crisis: Report. Study found a 10% increase in short term rental density lead to a 7% increase in median rents & a 23% jump in housing unit prices. Hosts w/ multiple listings accounted for 2/3rds of the listings & 80% of STR revenue. See full study. (2022)
Short-term rentals ‘gobbled up’ homes, worsening housing supply, Philly Fed president says. (2022)
Marriott launches apartment-style accommodations. Marriott is expanding its portfolio of serviced apartments with the launch of “Apartments by Marriott Bonvoy” in the United States and Canada, putting itself more directly in competition with short-term rental companies. (2022)
Are short-term rentals worth the risk? Problems in one Texas high-rise show the challenges of relying on temporary guests. (2022)
Too Many Rich People Bought Airbnbs. Now They’re Sitting Empty. (2022)
As Housing Crunch Intensifies Across the Country, Data Gives a Peek at Airbnb Impact. Housing experts like Davide Proserpio say that STRs like Airbnb contribute to the decreasing housing stock and rising rents. While there are other short-term rental companies in the market, Airbnb dwarfs any competition. (2022)
Jeff Bezos Double Dips on His Airbnb Play. With an average daily rate of $164, it’s no wonder that short-term rentals are becoming such a popular asset class among investors. According to the real estate investment platform Here, vacation rentals generate up to 160% more revenue on average than traditional long-term rentals. (2022)
Homebuyers Face New Competition from Short-Term Rental Investors. Have you ever had the feeling that you can’t catch a break? American homebuyers are definitely starting to feel that way. In addition to rapidly rising interest rates and a lack of affordable inventory, a new potential obstacle makes it harder for them to buy a home — short-term rental investors. (2022)
Did you know, that the majority of Airbnb listings in the U.S. are run by commercial operators, some with thousands of listings? These are hundreds of thousands of homes taken out of our housing markets in cities and towns everywhere. Inside Airbnb report (2022)
Another study showing that STRs do have an impact on local house housing market prices and availability. See full study. (2021)
Short-term rentals via apps such as Airbnb contribute to housing shortages and rent increases, according to research published last week. Researchers attributed 14.2% of overall rent increases to short-term rentals. (2021)
The effects of Airbnb on rents are substantial - for neighborhoods with significant Airbnb activity, rents increased by 7%, while increases in transaction (posted) prices are estimated at 17% (2020)
Coronavirus is exposing how Airbnb caused rent worldwide to skyrocket. Airbnb can't say it doesn't drive up rents anymore. “Show me a city with a housing crisis and I’ll show you @Airbnb being front and center.” (2020)
STRs raise housing costs and decrease housing options for local residents. See infographic (2020)
Harvard Business Review Research: When Airbnb Listings in a City Increase, So Do Rent Prices. (2019)
Renting with Airbnb can be lucrative, but it might be raising housing costs. A new cost-benefit analysis of the impact of Airbnb-like short-term rental services shows the economic costs likely outweigh the benefits, according to the Washington, D.C.-based think tank. See Study Summary here. (2019)
What I Think Every Time I See an Airbnb Renter in My Neighborhood. Maybe the vacation rental service gets hotels right, but it gets housing wrong. We are finally starting to see why that is such a large problem. (2016)