Airbnb and house-sharing firms reduced New York housing stock by 10% – study
Trying to find the original study. It was paid for by housing advocacy groups who generally oppose Airbnb, so I want to understand their methodology since they certainly have a bias.<p>Edit:<p>This looks like it: <a href="http:&#x2F;&#x2F;www.hcc-nyc.org&#x2F;documents&#x2F;ShortchangingNYC2016FINALprotected_000.pdf" rel="nofollow">http:&#x2F;&#x2F;www.hcc-nyc.org&#x2F;documents&#x2F;ShortchangingNYC2016FINALpr...</a><p>Here&#x27;s their underlying logic:<p>&quot;If the 8,058 units defined as Impact Listings were made available on the rental market, the number of vacant rental units citywide would increase by 10 percent and the vacancy rate would rise to 4.0 percent&quot;<p>So, in other words, if all of the full-time &quot;entire apartment&quot; listings were to hit the market as vacant units immediately, the vacancy rate would increase by 10%. This is not the same thing as Airbnb reducing housing stock by 10%.<p>This is actually probably more interesting:<p>&quot;53 percent of all Airbnb listings are located in one of the following five “macro-neighborhoods” - East Village&#x2F;Lower East Side (LES), Chelsea&#x2F;Hell’s Kitchen, West Village&#x2F;Greenwich Village&#x2F;SoHo, Williamsburg&#x2F;Greenpoint&#x2F;Bushwick, and Bedford Stuyvesant&#x2F;Crown Heights.&quot;<p>Something I think a lot of people don&#x27;t appreciate about Airbnb&#x27;s potential impact on the housing market is that a lot of the listings are concentrated in a few areas, so while Airbnb might not impact the housing market that much overall for a particular city, it can have a pretty significant impact on individual neighborhoods.