This is a different aspect of the housing crisis… There’s high house purchase prices and there’s the potential effect on current supply due to growth of vacation rentals.
Short term rentals do fill a need that hotels and 6+ month units don’t, and they need to be able to exist. As long as there is an apparent market as evidenced by the number of short term rentals that currently exist in this city, that means a need otherwise not being provided is being met with short term rentals.
We need to be providing way more housing across the board generally so that it doesn’t matter how many short term rentals or hotels exist. But having 80% of the city as single family home neighbourhoods where hotels, condos, etc. can’t exist means that yes, people will fill these niche needs in whatever way the market allows, which is with STRs currently.