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The original idea of the Airbnb precursors was to allow people to stay in your guest-room when you are actually there yourself. The very idea of letting strangers stay in your house when you are not there, seems odd to me at least, unless it isn't actually your home and you only see it as temporary accommodation when you can't rent it out.
But 8 weeks? I think an apartment in a good location can be more profitable in 8 weeks of Airbnb rental during summer, which the occasional cheap offer every 3 months to work around that rule. But sure, it would be less profitable than running an Airbnb rental without these restrictions.
My guess to why there are so few Airbnb rentals in Munich is rather that the housing market there has been overheated for so long already, that there are simply few offers available that would be cheap enough to buy and turn into an AirBnB rental. In addition, people are desperately clinging to their slightly cheaper old rental contracts, so there are simply very few suitable apartments available in general.