The Battle for Homes: Is Home Sharing Disrupting Rental or Housing Markets?

摘要

The proliferation of home sharing offers an alternative channel for homeowners,absentee landlords,and professional real estate companies to list their properties online.These Airbnb hosts cut off the supply of homes that would otherwise have been listed on the rental markets or sold on housing markets.Legislators around the world are experimenting with policies to meet the goal of affordable housing while reaping the benefits of home sharing.However,two questions remain inconclusive:(1)Is home sharing making rental and/or housing less affordable? and(2)Which market-the rental market or the housing market-is home sharing mainly affecting and how great is the impact? By understanding the response of rental and housing market prices to the changing supply of home sharing,we speak to the questions of whether and how home sharing affects affordable housing.