Over the next few tweets I'm going to highlight the key findings.
The first question we asked is "Where is Airbnb activity located in New York, and how is it changing?" In the last year there's been a decisive shift in short-term rentals: Manhattan is stagnant or shrinking, and Brooklyn is booming.
The top 10% of hosts made 48% of all revenue last year. The median NYC Airbnb host earned $5,200, but the median host from the top 10% earned $33,700—6 times as much.
This is where the bad news comes in. We estimate Airbnb has taken between 7,000 and 13,500 units of housing off the market in NYC. These "full-time" STRs are growing much faster than the rest of the Airbnb market.
The short answer is "yes", and I have a separate paper undergoing peer review which makes this case in more detail: researchgate.net/publication/31…
In the next little while I'll retweet some of the press coverage the report has received, and answer any questions people might have.