Wednesday, November 13, 2024
Hawai'i Free Press

Current Articles | Archives

Thursday, August 25, 2016
Airbnb Probably Isn’t Driving Rents Up Much, At Least Not Yet
By Selected News Articles @ 3:06 AM :: 6516 Views :: Hawaii Statistics, Tourism, Cost of Living

Airbnb Probably Isn’t Driving Rents Up Much, At Least Not Yet

by Ariel Stulberg, 538, August 24, 2016 (excerpts)

…a FiveThirtyEight analysis of Airbnb booking and revenue data provided by consulting firm Airdna gives the most rigorous look to date at how many units Airbnb could be taking off the rental market nationwide. It shows that Airbnb’s impact is probably still small in most cities, but it also shows that a disproportionately large share of the company’s revenue comes from the listings that most worry its critics — homes that are rented out for a large portion of the year. That could give the company an incentive to focus on increasing such listings as it grows — something some experts believe may already be happening.….

a growing number of the rooms on Airbnb are so-called commercial listings — whole units rented out full time, like hotel rooms. It is these commercial units that have drawn the most scrutiny from critics such as Sens. Elizabeth Warren, Diane Feinstein and Brian Schatz, who last month wrote a letter to the Federal Trade Commission calling for an investigation into the practice. Critics argue commercial listings take off the market units that would otherwise be available to local residents, thereby reducing the supply of housing and driving up rents….

The revenue numbers alone don’t necessarily mean Airbnb is having much effect on rents in the cities where it operates. That is because the raw number of commercial units in most cities remains low, under 1,000 in all but the biggest cities….

Honolulu 1,400 active Air BnB listings -- 21.1% commercial (the highest proportion of any US city)  =  295 commercial BnB units

Honolulu $26M Air BnB host revenue -- 45.0% commercial (2nd highest proportion of any US city)

read … Air BnB

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii