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Books > Earth & environment > Geography > Human geography
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Airbnb, Short-Term Rentals and the Future of Housing (Hardcover)
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Airbnb, Short-Term Rentals and the Future of Housing (Hardcover)
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How do Airbnb and short-term rentals affect housing and
communities? Locating the origins and success of Airbnb in the
conditions wrought by the 2008 financial crisis, the authors bring
together a diverse body of literature and construct case studies of
cities in the US, Australia and Germany to examine the struggles of
local authorities to protect their housing and neighborhoods from
the increasing professionalization and commercialization of Airbnb.
The book argues that the most disruptive impact of Airbnb and
short-term rentals has been on housing and neighborhoods in urban
centers where housing markets are stressed. Despite its claims,
Airbnb has revealed itself as platform capitalism, incentivizing
speculation in residential housing. At the heart of this trajectory
is its business model and control over access to data. In a first
narrative, the authors discuss how Airbnb has institutionalized
short-term rentals, consequently removing long-term rentals,
contributing to rising rents and changing neighborhood milieus as
visitors replace long-term residents. In a second narrative the
authors trace the transformation of short-term rentals into a
multibillion-dollar hybrid real estate sector promoting a variety
of flexible tenure models. While these models provide more options
for owners and investors, they have the potential to undermine
housing security and exacerbate housing inequality. While the
overall effects have been similar across countries and cities,
depending on housing systems, local response has varied from less
restrictive in Australia to increasingly restrictive in the United
States and most restrictive in Germany. Although Airbnb has made
some concessions, it has not given any city the data needed to
efficiently enforce regulations, making for costly externalities.
Written in a clear and direct style, this volume will appeal to
students and scholars in Urban Studies, Urban Planning, Housing and
Tourism Studies.
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