Home-rental platforms like Airbnb are known to drive up housing costs, but a new study shows that doing a better job of collecting the taxes owed by these home rentals appears to slow the rise in home prices.
“It’s well established that Airbnb rentals can drive up home prices, and that’s because a lot of homeowners who use Airbnb or similar services are not paying the taxes that they’re supposed to,” says Jared Smith, co-author of a paper on the work and Poole College associate professor of finance.
Read more from Phys.org.
- Categories:
