Airbnb appears to increase rents and home prices

Home-renting service Airbnb has raised ire and eyebrows in recent years for totally transforming the way people can book travel accommodations. It also appears to be raising rents and home prices in major U.S. cities, at least according to a new working paper from academics at UCLA, the University of Southern California’s Marshall School of Business, and the National Bureau of Economic Research.

However, the authors caution that the paper is still awaiting peer review and has not been published formally in a journal yet. You can read the pre-review copy here.

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