You did mean those who own multiple homes and rent them out to other people for month to month or yearly leases would not be blocked right? Ones who have been doing this for decades to earn income.

You also failed to list credible references showing where any city in the USA has done this with no legal challenges.

You failed to list credible reference showing 3000 would instantly be on the market.

Sad to say it looks like just another rookie poster, no due diligence. And no, it will not end the housing crisis.

PS: Looks like your "Caps Lock" key is sticking. Shouting is another mark of a rookie poster.