Paavo Monkkonen Why are STRs a problem? Media survey for 200 cities - - PowerPoint PPT Presentation

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Mar 15, 2024 223 likes •359 views

What We Talk About When We Talk About Airbnb Paavo Monkkonen Why are STRs a problem? Media survey for 200 cities in the United States 70 cities had STR complaints/controversies In 39 cities, tax collection main concern in 21 cities, public

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What We Talk About When We Talk About Airbnb Paavo Monkkonen

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Why are STRs a problem?

Media survey for 200 cities in the United States 70 cities had STR complaints/controversies In 39 cities, tax collection main concern in 21 cities, public nuisance in 10 cities, housing market impacts

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Supply & demand shifts in housing market: Graph not to scale!

Quantity

Q1 Q2 P2 P 1 S 2 D2 D 1 S 1

Price

A decrease in supply An increase in demand

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With more elastic supply

Quantity

Q2 Q1 P2 P 1 S2 D2 D 1 S1

Price

A decrease in supply An increase in demand

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Numbers are relatively small

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Restricting density where people want to live pushes development elsewhere

Floor Area Ratio Distance to desirable neighborhoods

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