lastra attends airbnb presentation at ucla's laskin school of public policy
Post on 15-Apr-2017
870 Views
Preview:
TRANSCRIPT
What We Talk About When We Talk About Airbnb
Paavo Monkkonen
Why are STRs a problem?
Media survey for 200 cities in the United States
70 cities had STR complaints/controversies
In 39 cities, tax collection main concern
in 21 cities, public nuisance
in 10 cities, housing market impacts
Supply & demand shifts in housing market: Graph not to scale!
QuantityQ1
Q2
P2
P 1
S 2
D2D
1
S1
Price
A decrease in supply
An increase in demand
With more elastic supply
QuantityQ2
Q1
P2
P 1
S2
D2D
1
S1
Price
A decrease in supply
An increase in demand
Numbers are relatively small
Restricting density where people want to live pushes development elsewhere
Flo
or
Are
a R
ati
o
Distance to desirable neighborhoods
top related