To rent or not to rent : a household finance perspective on Berlin's short-term rental regulation / Antonios Mavropoulos
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To rent or not to rent
Discovery
1748717073
URN
urn:nbn:de:gbv:3:2-133229
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [18. Februar 2021]
Content
1 Online-Ressource (III, 40 Seiten, 2,85 MB) : Diagramme, Karten
Edition
Language
eng
Comment
Abstract
With the increasing concerns that accompany the rising trends of house sharing economies, regulators impose new laws to counteract housing supply scarcity. In this paper, I investigate whether the ban on short-term entire house listings activated in Berlin in May 2016 had any adverse effects from a household finance perspective. More specifically, I derive short-term rental income and counter-factually compare it with long-term rental income to find that the ban, by decreasing the supply of short-term housing, accelerated short-term rental income but did not have any direct effect on long-term rental income. Commercial home-owners therefore would find renting on the short-term market to be financially advantageous.
Series
IWH-Diskussionspapiere ; 2021, no. 1 (February 2021) ppn:837399270