December 30, 2015
As rent rises and Airbnb grows, there could be a correlation. Renters might be willing to pay more under the assumption that they can rent out their homes when they are away, helping to supplement their costs. ” ‘The Airbnb effect’ artificially pushes rents up in the market and unbeknownst to landlords,” Neeta Mulgaokar, a real estate agent with Mirador Real Estate told CNBC….