Well, something that happened where I live (Portland, OR) is that AirBnB became popular enough that people and businesses would buy houses to rent out. One of the consequences was that, because it was so profitable, these renters could buy more, driving up the cost of housing and contributing to an already bad housing shortage. It became very difficult to find an affordable apartment, and it's still pretty tough. I feel like that trade-off (people who own those properties make more money, visitors have a few more places to stay) is skewed pretty heavily in favor of the property owners. And the businesses making that money could easily come from out of state, draining money from the local economy.
You are supposed to have a license (Accessory Short-Term Rental permit) for AirBnB rentals, and it has to be your primary residence. But people still skirt this law.
You are supposed to have a license (Accessory Short-Term Rental permit) for AirBnB rentals, and it has to be your primary residence. But people still skirt this law.