There is no correlation between the rise in rental prices in SF and Airbnb. It's absurd to think that they could impact that at this point. A large chunk of the hosts on the site rent out a room in their own homes. If you want someone to blame for the raising prices, I think it's more rational to point the finger at the spate of IPOs and the newly minted folks who are in the buying market at the moment. Or if that's not your cup of tea, then perhaps blame the size of the city (as it can't get any bigger) or even more appropriately, blame the blood hungry landlords who still insist you pay by check and raise their rates by at least 30% every time one of their properties free up.
Either way, just wildly saying that without any substantial evidence is pretty weak.
well instead of randomly guessing that incorrectly, why not respond with some kind of argument about how it could be possible that the 3k Airbnb SF listings (according to a general search of SF on the site) could influence rent prices? According to this survey, there's 340k rental properties in SF. http://www.nmhc.org/Content.cfm?ItemNumber=55508#large_citie...
But only a fraction of the 340k properties are vacant and available at any given time. In an already tight market, reducing the number of currently available rental properties by 3,000 is a huge reduction of supply.
Seems like we have a problem with rent control there. Many landlords won't rent in SF because of rent control. They want tenants who leave regularly to take advantage of the rising prices. Not sure whether it's cause or effect, but I just think there's clearly more influential factors than Airbnb here.
You're making a lot of claims for someone who isn't bringing any relevant data to the party. From a study commissioned by AirBnB itself, it's pretty clear that it's allowing people to live in places that they can't otherwise afford:
"One notable finding is that Airbnb hosts renting out their homes are generating income that is crucial to them staying in the place they live. About 60% of the hosts in the survey had an income less than San Francisco’s median income. About 14% had an annual household income below 14% and another 27% were between $40,000 and $70,000. So for these hosts the extra income is very substantial."
and if there's any doubt remaining, let's ask the head of public policy at AirBnB for her opinion:
"'Hosts really use Airbnb to make ends meet,' says Molly Turner, head of public policy at Airbnb. 'One of the findings that most surprised us is how important Airbnb is to hosts. It’s really helping them through tough times.'"
It is affecting housing stock, though. The Tenant's Union says they've discovered thousands of apartments and some whole buildings have been taken off the rental market to be used by tourists.
> blame the blood hungry landlords who still insist you pay by check and raise their rates by at least 30% every time one of their properties free up.
That would be the most misguided blame possible. Landlords don't raise prices because they are bad (and they don't lower prices because they are nice guys), the immense majority of them just follow the market and set the price to what people are willing to pay.
Either way, just wildly saying that without any substantial evidence is pretty weak.
reply