The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01240

Submission Number:
01240
Commenter:
Steven Unger
State:
Oregon
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
***** Regarding statistics on the impact of airbnb on housing ***** In many cities there is concern that airbnb depletes the stock of month-to-month rentals by converting them to short-term rentals. In general it is always more profitable to rent short-term than long-term. In the Vacation Rental Industry, there is a rule of thumb that says if you can rent a property just 13 weeks a year as a Vacation Rental you can make as much as for a full year as a month-to-month rental. When airbnb presents statistics on the impact on various housing markets they generally use data for an entire city. This is deceiving because airbnb rentals affect some neighborhoods greatly and others not at all (for example the Mission District in San Francisco is affected more greatly than the Glen Park neighborhood. To be meaningful, the impact on housing would need to be presented in a more granular manner, for example by each zip code. Please keep this in mind when reviewing data on airbnb's impact on local housing stock.