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Airbnb forcing you out?

While I don't want to come across as having a "don't confuse me with the facts, my mind is made up" attitude, my sense is that short-term rentals are far more significant than these experts conclude. Reading your posting, it appears that much of the data is based their opinions and not so much on research. The study by Nevin states that such rentals bring in $500 million a year to the city. That's a lotta dough, folks! And the city gets $700 K from them in taxes. Plus they support 3,000 jobs. Put that all together, and it is most significant, but they then opine that it isn't affecting real estate prices much. Something doesn't follow there. It is amusing that Nevin claims that there are bars to short-term rentals in apartment leases and in condos and master planned communities, although "some people cheat." My limited experience with short-term rentals in San Francisco and Santa Barbara was that almost all of the hosts were cheating in that way. Inasmuch as zoning should prevent short-term rentals and does not, the whole concept involves cheating to some degree. Markets operate at the margin, and if it is lucrative to own a property that can be rented out most nights, it makes that property worth more than as a residence for a single family or small household. Push up the price of desirable homes near water, and it ripples through the housing market and affects all home prices. If Airbnb and the others are only getting started, the effects will become more obvious as time passes. Time will tell.
— March 7, 2018 8:52 a.m.

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