Debating the Costs and Benefits of Airbnb's Short-Term Rentals

A labor group is taking on the impact of short-term rentals on the housing market in one of the most expensive cities in the country. The debate is contentious, with numbers flying both ways, and also critical for the economic health of cities.

1 minute read

March 16, 2015, 12:00 PM PDT

By James Brasuell @CasualBrasuell


"A report released Wednesday [March 11] from the pro-labor group Los Angeles Alliance for a New Economy finds the commercialization of short-term rentals is exacerbating L.A.'s housing crisis and driving up the price of rent," reports Kristen Lepore.

The article quotes LAANE analyst Roy Samaan in explaining the findings of the report: "We boil it down to a pretty simple question of supply and demand,….When units are not available for rent, the supply of rental units is less and that means prices will have to respond."

Airbnb counters by citing research completed by Thomas Davidoff, a professor at University of British Columbia on contract for Airbnb, which found that "people sharing a home that wasn’t their primary residence increased rental prices by at most $6 - a third of one percent - over the past five years…"

The article goes on to provide more back and forth between critics of supporters of Airbnb, including an explanation about the fundamental difference between the two opposing sides gather and analyze the data to make their case. 

Wednesday, March 11, 2015 in KPCC

courses user

As someone new to the planning field, Planetizen has been the perfect host guiding me into planning and our complex modern challenges. Corey D, Transportation Planner

As someone new to the planning field, Planetizen has been the perfect host guiding me into planning and our complex modern challenges.

Corey D, Transportation Planner

Ready to give your planning career a boost?

View of dense apartment buildings on Seattle waterfront with high-rise buildings in background.

Seattle Legalizes Co-Living

A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.

December 1, 2024 - Smart Cities Dive

Times Square in New York City empty during the Covid-19 pandemic.

NYC Officials Announce Broadway Pedestrianization Project

Two blocks of the marquee street will become mostly car-free public spaces.

December 1, 2024 - StreetsBlog NYC

Broken, uneven sidewalk being damaged by large tree roots in Los Angeles, California.

The City of Broken Sidewalks

Can Los Angeles fix 4,000 miles of broken sidewalks before the city hosts the 2028 Olympic Games?

December 5, 2024 - Donald Shoup

cars

Study: Automobile Dependency Reduces Life Satisfaction

Automobile dependency has negative implications for wellbeing. This academic study finds that relying on a car for more than 50 percent of out-of-home travel is associated with significant reductions in life satisfaction.

December 10 - Science Direct

Yellow San Diego Unified School District school bus.

San Diego School District Could Accelerate Workforce Housing Program

A proposal to build housing on five district-owned properties could yield 1,000 housing units for low- and moderate-income district employees.

December 10 - Governing

Red bus parked at transit station in Denver, Colorado with CO state capitol dome in background.

Denver Transit Board Approves $1.2 Billion Budget

The 2025 budget for the Regional Transportation District is the largest in the agency’s 55-year history.

December 10 - The Denver Post

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.