05/6/2024 By Ron Bekkerman, Maxime C. Cohen, Edward Hung, John Maiden and Davide Proserpio It’s well-know that one of the downsides of short-term rentals (STRs) is that they can reduce the availability of housing for long-term residents, this driving up both rents and house prices for locals. In a previous study, we found that home-sharing through Airbnb alone is responsible for about 20% of the average annual increase in U.S. rents,...
