"56% of Airbnb hosts in San Francisco said they use their Airbnb income to help pay their mortgage or rent."
If these people didn't use AirBNB they couldn't afford their rent. They'd move out or find a cheaper place. Now they have AirBNB they can afford to pay more rent which raises the market.
Which is no doubt very true. But this still may be an argument for keeping Airbnb in the bigger picture if you value diversity in your neighborhoods. Any by diversity I mean the ability for many low to mid wage workers to live near their jobs.
The risk is that it prices the low to mid wage workers out with AirBNB not even keeping them in an area. I'd love to see a study on the average income of AirBNB hosts outside of their AirBNB income.
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"56% of Airbnb hosts in San Francisco said they use their Airbnb income to help pay their mortgage or rent."
If these people didn't use AirBNB they couldn't afford their rent. They'd move out or find a cheaper place. Now they have AirBNB they can afford to pay more rent which raises the market.
Which is no doubt very true. But this still may be an argument for keeping Airbnb in the bigger picture if you value diversity in your neighborhoods. Any by diversity I mean the ability for many low to mid wage workers to live near their jobs.
That could be true.
The risk is that it prices the low to mid wage workers out with AirBNB not even keeping them in an area. I'd love to see a study on the average income of AirBNB hosts outside of their AirBNB income.