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2min chapter
Who Killed Affordable Housing?
Science Vs
Airbnb's Role in the Rental Market
The number of properties when we did that initial study that seemed to be permanently available as Airbnb rentals was equivalent to about half of the rental vacancy rate in Sydney. So for every two places that were available for rent in the normal renty way, there was one place available on Airbnb. And you know, Sydney is on the high end, but this kind of thing is happening all over. There was recently a paper that looked at Airbnb's and cities all over the United States. They found that if your rent went up $100, $20 of that was because of Airbnb. Wow. God, that's horrific. It's like you're surprised all over again. I am.
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