Controversial room-sharing startup Airbnb, one of the most visible players in what is being called the “sharing economy,” has recently awakened the innovation vs. regulation argument in all the usual ways–and a few new ones, including the accusation that these short-term rentals are depleting the already-scarce affordable housing stock in pricey metro areas like San Francisco and New York City. — 6sqft
Is airbnb a threat to the affordable housing market? The hotel industry collects and pays a city a transient occupancy tax for the service they provide, while airbnb historically has not. Housing advocates note that in cities like NYC and San Francisco properties are being leased by single owners via airbnb, removing them from the pool of available rental housing.
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