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Cities worldwide have regulated peer-to-peer short-term rental platforms claiming that those platforms remove apartments from the long-term housing market, causing an in- crease in rents. Establishing and quantifying such a causal link is, however, challenging. We investigate two policy changes...
Persistent link: https://www.econbiz.de/10012258925
This study looks at how short term letting (STL) platforms like Airbnb, HomeAway and Booking.com are reshaping housing opportunity in private markets. It analysed Airbnb listing data from Sydney and Melbourne to reveal insights into the extent STL is contributing to housing affordability issues...
Persistent link: https://www.econbiz.de/10012908374
Decoding the Distribution of House Price & Income Mix Ratio (HPIMR) to Calculate the Proportionate Investments required for the Housing Demand as per Affordability in India at the Country LevelAs per my paper published https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3693316 on the House...
Persistent link: https://www.econbiz.de/10013247835
Systemic risk must include the housing market, though economists have not generally focused on it. We begin construction of an agent-based model of the housing market with individual data from Washington, DC. Twenty years of success with agent-based models of mortgage prepayments give us hope...
Persistent link: https://www.econbiz.de/10013109559
We offer a novel approach to investigate the extent to which the expansion of the sharing economy is responsible for increases in long-term rents and prices on the housing market. To this end, we construct a theoretical framework for the housing market that allows for spillover effects between...
Persistent link: https://www.econbiz.de/10012823725
This study highlights the externalities of the sharing economy on local economies. Using the introduction of Uber X as a staggered shock, I assess how ridesharing influences the local housing market through the interaction with public transit. After ridesharing’s entry, housing prices and...
Persistent link: https://www.econbiz.de/10013244207
This article investigates the effect of short-term rental platforms on the housing market, using the explosive growth of Airbnb experienced in Berlin as a case study. To identify a causal effect, I exploit the structure of Airbnb in Berlin and combine a hedonic housing model with a Triple...
Persistent link: https://www.econbiz.de/10012436256
Persistent link: https://www.econbiz.de/10011975219
Persistent link: https://www.econbiz.de/10014526386
We estimate the causal impact of a 2018 zoning reform that banned new short-term rental registries in some parts of Lisbon. The short-term rental licence expires when the house is sold, hence the ban removes the option value of short-term renting a property. We rely on two administrative data...
Persistent link: https://www.econbiz.de/10013449312