https://www.sciencedirect.com/science/article/abs/pii/S0261517719301992

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3516983

https://www.researchgate.net/publication/349968414_What_Happens_When_Airbnb_Comes_to_the_Neighborhood_The_Impact_of_Home-sharing_on_Neighborhood_Investment

https://www.academia.edu/101079511/The_Sharing_Economy_as_a_Local_Economic_Engine_The_Heterogeneous_Impact_of_Airbnb_on_Restaurant_Employment_Growth

https://link.springer.com/article/10.1007/s00168-024-01328-4

https://www.sciencedirect.com/science/article/pii/S0094119021000383

While none of these are definitive I think they paint a pretty decent picture that they are pros and cons. The rising price of mortgages are conflated with renovations and economic growth. This growth tends to be in local growth, not corporations. With home values being tied to value there are some expected cons to this as well. 

It's a complex model and instead of making them the Boogeyman we should understand the positive and negatives.