As someone who lives in a (already expensive) US-based short term & seasonal rental hotspot, I have been consistently subjected to 10-25% annual rental increase

As someone who lives in a (already expensive) US-based short term & seasonal rental hotspot, I have been consistently subjected to 10-25% annual rental increases for going at 7 years straight now. Many peers and locals have emotionally or otherwise fought against the rise of these short term real estate schemes. Something to the effect of "Neighborhoods are for neighbors" as the slogan goes...constantly griping about it one way or the other. But it's a personal choice to putup, so I just shutup and carryon while appreciating the city that much more. Yes, the trend has caused me financial challenge and the inconvenience of having to relocate around town more often that I'd like, creating stress and sacrifice, but I've always accepted and adapted. Now here we have the black swan of 2020 and the airbnb money tree has dried up died in the scope of <2 weeks. Properties that typically gross 10-15-20k monthly during peak seasons are suddenly at or approaching ZERO rental income. The amount of these properties in my area is conservatively 50%, though would some say 75-90%. Tough to know forsure given the 'rougue' players. If you add up the volume, density, and exorbitant prices - this is going to be a massive overdue fallout in residential rental rates. So let the market correct itself and find a new low/equilibrium. May the highly-leveraged, over-extended, get rich quick get lost quick ... and with that put all these prime properties within reach again for those who do call this city home and hold it down year round. Clearly, I welcome the chaos ;)