The Drivers of Housing Affordability
An assessment of the role of short-term rentals
In the past year, the US-wide affordable housing crisis has consistently made headlines. Some commentators have focused on the role of short-term rentals (STRs), as they allegedly reduce the supply of affordable housing, displacing long-term tenants. However, we argue that the root causes of the housing crisis can be traced back to changes that significantly pre-date the growth of the STR market.
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