NYC Renters Paid Extra $616M Thanks to Airbnb, Study Says
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Re: NYC Renters Paid Extra $616M Thanks to Airbnb, Study Says
#2> For each 1 percent of all residential units in a neighborhood listed on Airbnb, rents in that neighborhood went up 1.58 percent, Stringer said. The estimated $616 million impact is for 2016 alone.
Re: NYC Renters Paid Extra $616M Thanks to Airbnb, Study Says
#3I'm sure that number is dwarfed by how much extra renters paid due to actions of the city (e.g. height restrictions).
Re: NYC Renters Paid Extra $616M Thanks to Airbnb, Study Says
#4'Airbnb Inc. disputed the study’s findings, calling them “wrong on the facts” and containing “substantive issues with the methodology.”'
Did Airbnb publish what these wrong facts and substantive issues are?
Re: NYC Renters Paid Extra $616M Thanks to Airbnb, Study Says
#5So, I'm paying an extra $68/month because of Airbnb.
Alright.
Re: NYC Renters Paid Extra $616M Thanks to Airbnb, Study Says
#6I'm sure that number is dwarfed by how much extra renters paid due to actions of the city (e.g. height restrictions).
Which would be true regardless of AirBnB's presence, right? So the "AirBnB inflation" is still a thing.
Re: NYC Renters Paid Extra $616M Thanks to Airbnb, Study Says
#7'Airbnb Inc. disputed the study’s findings, calling them “wrong on the facts” and containing “substantive issues with the methodology.”' Did Airbnb publish what these wrong facts and substantive issues are?
Re: NYC Renters Paid Extra $616M Thanks to Airbnb, Study Says
#8Sounds like the PR firm for the hotel industry has been busy!
Re: NYC Renters Paid Extra $616M Thanks to Airbnb, Study Says
#9'Airbnb Inc. disputed the study’s findings, calling them “wrong on the facts” and containing “substantive issues with the methodology.”' Did Airbnb publish what these wrong facts and substantive issues are?
Their rebuttal is linked in the article.
Re: NYC Renters Paid Extra $616M Thanks to Airbnb, Study Says
#10For anyone interested, here is the full text of the study: https://www.dropbox.com/s/u4s1fcync2gseyl/AirBnB_Report%20FI...
A brief description of how they attempted to control for other factors:
> We also control for demographic and economic changes in neighborhood level by including average household income (in log form), population (in log form), and the shares of college-educated and employed residents in the neighborhood. We also included year and neighborhood-level fixed effects (dummy) variables to control for otherwise uncontrolled-for trends and neighborhood characteristics.