What an exterior wasp nest actually does to your siding
The paper globe or gray comb you see attached to an eave, fascia, or porch ceiling is chewed wood fiber and saliva, dried into a rigid shell once construction slows for the season. It's glued on, not grown into the surface — there's no mechanism by which that material eats, dissolves, or corrodes vinyl, wood, fiber-cement, or aluminum siding. The worst realistic outcome from an exterior nest is a faint discoloration where it's been attached for a season, which washes or scrapes off once the nest is removed.
This is worth being direct about, because 'wasp nest on my house' searches return a lot of copy implying active structural risk regardless of where the nest is. An exterior nest, by itself, simply isn't that — it's a cosmetic issue and, more relevantly, a sting-risk issue depending on where it sits relative to doors and walkways.

