Is Airbnb Contributing to the Housing Crisis?

When Airbnb began nearly 15 years ago, it offered a new and innovative solution to book short-term stays without any hassle. By renting out a spare room or an entire apartment, it provided an alternative to traditional hotel models which were often overpriced and overbooked. Airbnb now faces many critics as the company quickly grew, offering hundreds of thousands of stays around the globe, but not without a handful of negative experiences. Now, planners and policymakers are beginning to see the effects of the abundance of Airbnb listings and how it impacts a growing housing crisis.