> I don't see how it drives rent up.
If entire apartments are made into AirBnbs, there's less apartments in the market which turns the prices up, what's so hard to grasp ?
If entire apartments are made into AirBnbs, there's less apartments in the market which turns the prices up, what's so hard to grasp ?
It's naive to only look at one factor and ignore the others, yet that's often how far this debate goes.
It seems very unlikely AirBnBs will "take less space" than a hotel. Hotels are quite space-efficient, given they're largely small, single rooms.