short term rental

Performance Property Real Estate Question

How Airbnb Distorts Local Real Estate Markets

Q: Do you think Airbnb contributes to housing shortages in big cities? Nancy, Nashville, TN A: I like and use Airbnb when I travel because I prefer staying in a real place rather than a hotel whenever possible. That said, there is no question that Airbnb and other short term rental platforms distort local real estate markets where they operate because supply and demand are the two most important factors that affect real estate prices and Airbnb affects both supply and demand. The commercial use of Airbnb has more of a corrosive effect on real estate markets than individual owners trying to make extra money renting out their place which has enabled speculators to buy real estate for the sole […]

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