Locals WOULD have control of lodging if enough concerned locals were
elected to political law making positions.
And Threadware, this same thread mentions Venice, Berlin, Amsterdam, Paris where this is exactly what has happened. I will add Budapest and Vienna as two more locations. So yes, imperfect, but democracy works.
The other points are hard to respond to as they wave a little from a broad generalization to specific instances. Broad European generalities are only correct by luck. The specific locations would require a lot of study, understanding and presence for me to have an opinion on. But I do know that bad things are happening to good people and I hope and pray that their institutions lead them to good solutions.
That same small-time foreign investor most assuredly didn't drop off a
questionnaire to get the residents thoughts of having AirBnB rentals
in their building, before investing.
Periscope's view on short term rentals is understandable given the ideologically driven mantra that soaks the internet. It may even be a correct representation in some locations. In the city where I live the "House" does have a say in things and does get to approve the short term rentals.
An amazing 90% of locals live in an owned home (the EU average is about 70%) so when an investor (more often than not a local citizen) improves a flat, the investment value of all the other homes goes up. The locals sort of like that since 90% have a stake in it. In tge case of my city, the improvements are not taking the city to some new standard, more like returning the city to what it was pre-WWII with some 21st century improvements. The locals like that too.
But the city is regulating the short term rentals to keep things in check. They are licensed, inspected, taxed and subject to House approval. They also pay higher common fees which assists the house in maintenance (most houses are fairly poor).
The improvments that are bringing the apartments to 21st century dignity in living are putting people back in the inner city, as it was 80 years ago, and as a result, the boarded up ground floor retail spaces are reopening to serve those living there. Since buying my apartment empty space has become a beauty parlor, dry cleaner, art gallery, coffee shop; and the Synagogue and two other buildings have completed repairs overdue for 50 years.
There are still thousands of empty apartments waiting to be renovated to 21 century living standards if anyone is interested. No, the city doesn't have a housing shortage.
But my city is not the norm. I doubt there is a norm. There are tens of thousands of unique situations that deserve serious workable solutions, not "good intentions" or an informed, unvested groups superior caring for the world.