I may be biased here, but it's obviously a topic I follow a lot and the data doesn't agree, for the following reasons:
1. The impact of STRs on housing market is actually over-rated. See https://www.forbes.com/sites/rogervaldez/2022/10/06/housing-scapegoat-short-term-rentals-arent-the-problem/?sh=268e93a76abb
2. The economic impact of STRs on local economies is huge. A recent study puts the economic value of STRs just in the town of Conway at $45 million. See https://www.responsiblevacationrentals.com/resources/Conway STR Economic Impact Study 2021.pdf
3. From personal experience, STRs don't significantly impact the local housing market for 2 reasons.
a) most of the 100+ homes we have in our program would not be affordable in any way. They are built as vacation homes, and not for local workforce who simply couldn't afford them. That's where towns/governments need to step in and incentivize new constructions that's focused on workforce housing, not large luxury homes on 2+ acres. Everyone in Carrol complains that there are not enough homes, but at the same time the town doesn't want to change the minimum 1 acre, and has fought for the longest time against Accessory Dwelling Units, homes over 3 stories, etc - all things that would lead to more workforce housing.
b) most of the homes in our program are second homes and not available as Short Term Rentals on a full time basis, with very few exceptions. If STRs didn't exist, they would simply sit unoccupied when the owners are not using them. They wouldn't magically become housing available in the long term rental market.
It's a controversial issue - and I want employees housing just as anyone else, but in my opinion simply putting the blame on STRs is very short sighted.