For what it's worth, as an airbnb host in a residential neighborhood in a small tourist town that attracts a lot of young people in the summer I have never had

For what it's worth, as an airbnb host in a residential neighborhood in a small tourist town that attracts a lot of young people in the summer I have never had poorly behaved guests. I've had a couple that could have cleaned up after themselves a little more or ruined our towels but otherwise have not had any issues, even with noise. Airbnbs in the area absorb the extra demand for space that hotels cannot supply, and having strangers around during tourist season is far preferable to having new hotels built and dealing with the invasion of the sprawl that comes with them. We do not (yet) have the problem of investors buying real estate to rent out on Airbnb because there is not yet enough demand to support it. I realize you're talking about large cities, but it seems everyone else in this thread is as well and forgets that Airbnb operates well outside of large cities.