Here in Dublin, Ireland, rents are exploding, mostly because of a severe shortage in apartments, and it's a fair question to ask if AirBnB is partially to blame. From [1]:
> The average rental value of a two-bed apartment in the city centre at €2,000 per month, less a management fee, would equate to the apartment being occupied for just 120 nights of the year through Airbnb.
> Investors have confirmed that if correctly managed, the income can be double that of a long-term rental.
(AirBnB disagrees [2])
As much as I like the idea of AirBnB, their impact on the housing market in any given city needs to be considered. Unfortunately the article doesn't mention that at all, focussing solely on tourism.
> The average rental value of a two-bed apartment in the city centre at €2,000 per month, less a management fee, would equate to the apartment being occupied for just 120 nights of the year through Airbnb.
> Investors have confirmed that if correctly managed, the income can be double that of a long-term rental.
(AirBnB disagrees [2])
As much as I like the idea of AirBnB, their impact on the housing market in any given city needs to be considered. Unfortunately the article doesn't mention that at all, focussing solely on tourism.
[1] http://www.independent.ie/business/personal-finance/property... [2] http://www.irishtimes.com/news/social-affairs/airbnb-insists...