Nov
28
2019
Airbnb is politically unpopular in many cities. Opponents of the homesharing service are a mixture of hotel industry lobbyists and local residents who believe they pay higher rents because units that would otherwise be available to them are put on the market for tourists instead.
New research though shows that it isn’t the poor – least able to bear the burden of increased rents – suffering from Airbnb. According to a paper by Sophie Calder-Wang of Harvard (.pdf) the “increased rent burden falls most heavily on high-income, educated, and white renters, because they prefer housing and location amenities most desirable to tourists.”
