Hacker News new | ask | show | jobs
by dorchadas 1137 days ago
Yes, 10x more rooms on AirBnB than open rooms to rent in Dublin. At least with single bedrooms; I haven't looked into more rooms as I'm only searching for a new place for myself.

> though I'm still unsure how much of this is merely displacing hotels/hostels relative to actually sucking up long-term rental slots.

It very much is happening. Dublin saw this during the pandemic, when the long-term rent market doubled after tourism was shut down. These are houses that are zoned for residents, not people coming in, and landlords see they can easily make more money letting them out to the tourists.

See this article from The Irish Times about it: https://www.irishtimes.com/business/economy/pandemic-reveals...

It's only gotten worse now, too, with many going back to AirBnB.

1 comments

> Pre-Covid there were more than 5,000 homes in Dublin available to tourists via Airbnb alone.

Dublin has a population of over 1.5 million. On average, a dwelling in Dublin has 2.5 people. 5000 AirBnB's account for less than 1% of the total housing stock.

I constantly hear about people complaining about how short term rentals are running the housing market but the numbers never add up.

It may be 1% of total housing stock but what is it relative to long term rental stock? It wouldn't take much to have a significant effect on the cost of long term rentals.
Google says that 30% of the population is renting in Ireland, I imagine that it's a bit higher in Dublin... but yeah. I think it's reasonable to say there's an effect.

I don't think that it is the primary effect, but we can walk and chew bubblegum!