[tptacek]

That's fine, but isn't evidence that short-term rentals dominate the rental housing market. They don't. Short-term rentals make up less than 1% of the housing stock.

Obviously, the housing that short-term rentals use has to come from the housing stock somehow, so it's not interesting to point out that Airbnb's cannibalize the long-term rental market.

(Over the medium-long term this is a problem that'll be solved by a combination of more construction, which is desperately needed anyways, and ordinances regulating Airbnbs, like NYC just passed.)