That's what AirBnb very much likes you to believe. In my opinion they lie a lot.

> which themselves are only a small portion of the entire housing market.

That really depends on the city. Barcelona, Amsterdam, Prague and other cities were literally killed by AirBnb and by extension by AirBnb slumlords.

> Also, worth considering that short-term rentals can easily be transformed back into long-term rentals.

That maybe true. Then again, if you max out your credit card to speculate on highly leveraged financial products the time window for clean-up may be very short and you may be forced to sell at a very bad price.

I, for one, are really not sorry for this bunch of city killing assholes. For short term financial gains they make life miserable for everybody else.

In reality, a typical person (like me) would rent out their space about 10 days a year, while an airbnb company aims for 365. Could very well be that 2/3rd of listings are average-joes and 1/3rd are professional.

But in terms of nightly stays, it could still be about 20 professional to 1 average-joe. And those nightly stays ultimately reflect the revenue that drives the economics of these properties, airbnb's business and the impact on the local market.