Insight
The presence of short-term rentals (STRs) can affect the availability and pricing of long-term rental housing.
Short-term rentals and the housing market: Quasi-experimental evidence from Airbnb in Los Angeles
Summary
A CEPR report on Airbnb in Los Angeles, published in 2018, examines the impact of STRs on the housing market using quasi-experimental evidence. It delves into how rental availability and pricing are affected by the presence of short-term rentals.
Key takeaway