What We Talk About When We Talk About Airbnb · 2015. 11. 16. · REDFIN City, Address. School,...
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What We Talk About When We Talk About Airbnb Paavo Monkkonen
Transcript of What We Talk About When We Talk About Airbnb · 2015. 11. 16. · REDFIN City, Address. School,...
What We Talk About When We Talk About Airbnb
Paavo Monkkonen
Why are STRs a problem?
Media survey for 200 cities in the United States
70 cities had STR complaints/controversies
In 39 cities, tax collection main concern
in 21 cities, public nuisance
in 10 cities, housing market impacts
Supply & demand shifts in housing market: Graph not to scale!
QuantityQ1
Q2
P2
P 1
S 2
D2D
1
S1
Price
A decrease in supply
An increase in demand
With more elastic supply
QuantityQ2
Q1
P2
P 1
S2
D2D
1
S1
Price
A decrease in supply
An increase in demand
Numbers are relatively small
Restricting density where people want to live pushes development elsewhere
Flo
or
Are
a R
ati
o
Distance to desirable neighborhoods
