The only way to resolve the housing market issue is to increase the supply of houses on the market, both in new developments as well as discourage vacancy.
So, with this new law, there’s no more vacant residentials being used as unlicensed hotels, which hopefully will lead to housing prices dropping. (Vacancy property taxes is also needed in my opinion)
Also, I’m against AirBnB in general, not going to be paying to clean somebody else’s house when I’m on vacation.