A common argument against Airbnb and similar home-sharing companies is that they raise rents, because every apartment used for short-term rentals could be used for long-term rentals. A recent paper by a Spanish Ph.D. candidate suggests otherwise.The paper focused on Santa Monica, California … [Read more...]
Does Home-sharing Create Negative Externalities?
A decade or two ago, a traveler who wished to stay in a city temporarily had no alternative to a hotel. Even if the owner of a house or condominium wished to rent out a room for a short period of time, the costs of advertising in a newspaper would have at least partially canceled out the … [Read more...]
To Know Home-Sharing Is To Support It
If you read elite commentary on the home-sharing industry (that is, Airbnb and its competitors), especially on the Left, you might think it is quite controversial. However, a recent Pew survey suggests otherwise.According to Pew, very few people know very much about home-sharing. Only 11 … [Read more...]