Financially, the sharing economy darling is thriving, but guests, hosts, and cities have had enough.

What happened to Airbnb?::Financially, the Airbnb is thriving, but guests, hosts, and cities have had enough.

  • honey_im_meat_grinding@lemmy.blahaj.zoneEnglish
    224·
    1 year ago

    $9 x 12 = $108 increase per year. Also, you chose that sentence probably because it was the lower one despite the first paragraph being:

    Short-term rentals via apps such as Airbnb contribute to housing shortages and rent increases, according to research published last week by Felix Mindl and Dr. Oliver Arentz, researchers at University of Cologne in Germany. They attributed 14.2% of overall rent increases to short-term rentals or 320 euros ($385) per year for new tenants.

    • wahming@monyet.ccEnglish
      721·
      1 year ago

      $9 x 12 = $108 increase per year

      It’s an ANNUAL increase of $9, not a monthly increase. That aside, my original point was about property prices, not rentals. I picked that line because it’s the first line I found discussing sale price. I made no claims about rental prices and still don’t.