Your entire comment is just made up with no evidence.
As a simple example, in Austin TX, Inside AirBnB tracks over 15000 short term rentals, which would be closer to 5% of housing stock.
And the "only a small percentage of housing is AirBNBs" is a poor argument anyway, because home prices are set at the margins, and a relatively small reduction in housing supply in a constrained market can have a significant effect on price. Plus, for people that rent out a room, in can essentially have the effect of increasing the amount they are willing to pay ("I could normally not afford this apartment, but I could if I rent out a room on AirBnB"), which also increases prices.
More importantly, though, people have actually done studies on the effect of AirBnBs on prices, and found they have a positive (i.e. housing gets more expensive) effect on rents and home prices. One example: https://marketing.wharton.upenn.edu/wp-content/uploads/2019/...
> Your entire comment is just made up with no evidence.
Quite the opposite. See for Montreal a recent article https://www.cbc.ca/amp/1.7445844
Officials estimate 4k airbnbs which gives 0.2% of all residential dwellings.
Who cares about residential dwelling as a whole. Most of it is occupied by owners, we are talking about rentals and 4000+ taken by short term rentals is insanely high and sets the prices for what's left too.
As a simple example, in Austin TX, Inside AirBnB tracks over 15000 short term rentals, which would be closer to 5% of housing stock.
And the "only a small percentage of housing is AirBNBs" is a poor argument anyway, because home prices are set at the margins, and a relatively small reduction in housing supply in a constrained market can have a significant effect on price. Plus, for people that rent out a room, in can essentially have the effect of increasing the amount they are willing to pay ("I could normally not afford this apartment, but I could if I rent out a room on AirBnB"), which also increases prices.
More importantly, though, people have actually done studies on the effect of AirBnBs on prices, and found they have a positive (i.e. housing gets more expensive) effect on rents and home prices. One example: https://marketing.wharton.upenn.edu/wp-content/uploads/2019/...