Another City. Another Study. Same finding. Airbnb and short-term rentals are taking housing units off the market and making it ever harder for people to find a place to live.
This time, the story is Seattle, "But the result is the same. “1,003 of these units — 36 percent — were listed by hosts who did not reside there. These are properties, according to the study, that could be housing local renters rather than Airbnb vacationers.
The reason property owners opt for Airbnb instead of a long-term tenant is simple: It’s more lucrative.”