"When demand is inelastic, even relatively small changes in housing supply can cause significant changes in the cost of housing.10 This intuition is clearly validated in a number of careful empirical studies looking precisely at the effect of Airbnb introduction and expansion on housing costs." [https://www.epi.org/publication/the-economic-costs-and-benef...]
"At the median owner-occupancy rate zipcode, we find that a 1% increase in Airbnb listings leads to a 0.018% increase in rents and a 0.026% increase in house prices. Considering the median annual Airbnb growth in each zipcode, these results translate to an annual increase of $9 in monthly rent and $1,800 in house prices for the median zipcode in our data, which accounts for about one fifth of actual rent growth and about one seventh of actual price growth" [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3006832]
"AirBnB has increased the median long term rent in New York City by 1.4% in the last three years, resulting in a $380 rent increase for the median New York tenant" [https://www.mcgill.ca/newsroom/files/newsroom/channels/attac...]
"When demand is inelastic, even relatively small changes in housing supply can cause significant changes in the cost of housing.10 This intuition is clearly validated in a number of careful empirical studies looking precisely at the effect of Airbnb introduction and expansion on housing costs." [https://www.epi.org/publication/the-economic-costs-and-benef...]
"At the median owner-occupancy rate zipcode, we find that a 1% increase in Airbnb listings leads to a 0.018% increase in rents and a 0.026% increase in house prices. Considering the median annual Airbnb growth in each zipcode, these results translate to an annual increase of $9 in monthly rent and $1,800 in house prices for the median zipcode in our data, which accounts for about one fifth of actual rent growth and about one seventh of actual price growth" [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3006832]