Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Edward Kung Edward Kung

Airbnb and other home sharing platforms are contributing to the affordability crisis in Los Angeles—but only nominally. New research from UCLA Ziman Center for Real Estate analyzes the potential link between the affordability crisis and home sharing platforms, and found that a 10% increase in Airbnb listings equates to a .04% increase in rental rates. Home sharing also has an increase on home prices. When the stock of Airbnb rooms increases 10% it leads to a .73% increase in housing prices. In markets like Los Angeles, where the rental supply is already limited and a greater number of people participate in home sharing, the results are more dramatic, according to the report, although specific figures were mot published. To find out more about the research and the link between home sharing and affordability, we sat down with one of the report’s authors, Edward Kung, an associate professor of economics at UCLA, for an exclusive interview.

Kelsi Maree Borland


Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.