How airbnb screws with the system is..

Lets say a normal soho would be rented out at 1k a month. But on airbnb if it was rented out daily at 125 a day. The owner would definitely earn much more using airbnb.

The problem this causes is that as more people rent out for airbnb for the larger money. It causes property prices to go up cause people are buying properties purely for airbnb and rental prices go up as rental areas are converting to airbnb cause shortage of areas.

There are a few studies on this online. But the bottom line is the area of people getting screwed over are the middle class. As in the long run properties will be too crazy expensive as 1 rich man can buy 50 properties just to run them on airbnb.