Analysis of online listings on common online platforms shows even modest reductions in Airbnb listings increased supply of longer-term rentals. The result was lower local rents.
Of the students with jobs, 60% lost them and and two-thirds of the rest had hours cut. As they struggled, and often failed, to get rents and tuition fees reduced, precarious lives became even harder.
Once rent is paid, having to live on only $14 a day doesn't cover the costs of job seeking. The evidence of the need to increase Newstart and Rent Allowance is overwhelming.
The government has had to rethink its roll-out of Universal Credit – but small tweaks to the system won't prevent people on housing benefit from being evicted.
It's now clear that a single American company, Airbnb, has upended local housing markets, pushed rental prices skyward and could be contributing to poverty, especially in cities popular with tourists.