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Based on the median growth in Airbnb listings nationally, the short-term rentals contributed to an annual increase of $9 in monthly rent and $1,800 in home prices for median zip code, the study’s authors found.

Does that really seem like a lot in context of buying a house? It certainly doesn’t look like it to me

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honey_im_meat_grinding@lemmy.blahaj.zone ⁨7⁩ ⁨months⁩ ago
$9 x 12 = $108 increase per year. Also, you chose that sentence probably because it was the lower one despite the first paragraph being:

Short-term rentals via apps such as Airbnb contribute to housing shortages and rent increases, according to research published last week by Felix Mindl and Dr. Oliver Arentz, researchers at University of Cologne in Germany. They attributed 14.2% of overall rent increases to short-term rentals or 320 euros ($385) per year for new tenants.

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- wahming@monyet.cc ⁨7⁩ ⁨months⁩ ago
  
  $9 x 12 = $108 increase per year
  
  It’s an ANNUAL increase of $9, not a monthly increase. That aside, my original point was about property prices, not rentals. I picked that line because it’s the first line I found discussing sale price. I made no claims about rental prices and still don’t.
  
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