You have the draw a line in the sand somewhere considering the substantial challenges bringing new housing supply online faces. Roughly 90% of investor owned single family homes are mom and pop owned, but this anchors and is a start. Institutional and private equity investors investing in single family homes are an easy shared enemy in this context. This wouldn’t have passed if you went after small investors at this time.
https://nationalmortgageprofessional.com/news/small-investor...
The way to approach disincentivizing short term rentals investments in supply constrained real estate markets is to ban short term rentals unless you’re a bonafide hotel, impairing the property value for investment, but you do that one locale at a time through land use regulations.
