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How tech companies are driving up prices for homeowners and renters in cities like Seattle

A few weeks ago, a friend of mine emailed me a screenshot of a recent article about Airbnb and Google Fiber in Seattle, which highlighted some pretty alarming stats about how Airbnb is pricing its own residents and renters.

The company’s CEO and founder, Brian Chesky, is quoted as saying: It’s a $1,000,000 apartment, but for a person of my age, it’s a lot of money.

If you don’t live in Seattle you can’t afford it, and for a lot more people, it just isn’t affordable.

The article went on to detail how Airbnb has grown exponentially over the past few years, with more than 1.4 million listings in Seattle.

(In the past two years, it has added about 10,000 properties.)

The article said that since its founding in 2013, Airbnb has been valued at about $2 billion, and that the company’s annual revenue has reached about $40 billion.

The report concluded that Airbnb has “increased the number of listings in its hometown of Seattle, where the average income is around $60,000 a year, by roughly $500 million.”

It also noted that, according to a 2015 report from The Associated Press, Airbnb’s rental market is “the largest in the country, with average rents in the $2,500-3,000 range.”

Airbnb’s website states that its “business model” involves allowing guests to “rent out rooms and apartments in your city for as little as $50 per night,” and that guests can also earn money through ads on the platform.

Airbnb’s business model isn’t new: It was already operating in Seattle in the mid-1990s and, as of early 2017, had more than 100 properties in the city.

The data shows that Airbnb’s growing popularity is not necessarily a bad thing.

In a 2016 survey by the company, 74% of Airbnb users surveyed said they “would definitely consider moving to Seattle in order to use the platform,” and only 16% said they would “never consider” moving to the city again.

And Airbnb has continued to grow, with nearly 40% of its total user base in the United States now living in or around Seattle.

Airbnb is also getting a lot better at pricing its properties.

A new report from Rentrak, which uses data from the National Association of Realtors, found that the average price of a Seattle property had dropped to just over $2.50 per square foot over the last two years.

That’s compared to $5.40 per square feet just a few years ago.

The rental market, however, is not immune from these trends: As recently as 2016, Airbnb listed a home in Portland, Oregon, for just $1.9 million.

Airbnb also lists prices in New York, where there are more than 3,000 listings per square mile.

Airbnb says that in New Jersey, where it has more than 2,400 listings, the average home has been listed for just over five times its market value.

But for the vast majority of Seattle’s residents, renting out a home isn’t just a cost-efficient way to make money: It can also be a great way to connect with friends and family.

According to a report from the Center for American Progress, more than a quarter of all Seattle households have a smartphone.

The same report found that a large majority of the renters in Seattle live in single-family houses with no more than three bedrooms.

Airbnb, which is currently offering an alternative to renting out apartments in Seattle for a fraction of the average market rate, recently announced plans to add a new feature called “Brent” to its platform, where people can rent out their homes to other people.

This option lets people rent out a single room for two people for $50 a night, with a $5,000 deposit.

The feature, which will roll out later this year, will allow renters to rent out as many rooms as they want, and will not have to wait for a renter to pay for the room.

The idea is that renters can pay rent for as long as they like before they get the room, and Airbnb will then charge the person renting the room a higher rate for the space than it would have for the entire property.

Airbnb has long been accused of being unfair to renters and, in particular, of charging too much for properties that are already over-sold.

The Seattle Post-Intelligencer’s Matt Graetz and Michael C. Grunwald wrote that Airbnb is “shopping itself out of the market” by charging too high a price for homes that are “in demand.”

Airbnb said in a statement to Recode that “rentals are a fundamental part of the Airbnb experience, and we value the opportunity to offer our guests affordable and fun options.”

Airbnb also noted in a recent blog post that it has built a program called RentBusters that allows people to rate properties for “rent quality” based on how they feel about them.