Your question here seems genuine so I really hate that people use downvotes as "I don't agree with this person" rather than a comment simply being disingenuous, trolling, full of unsubstantiated claims or otherwise low-quality.
So here's an example of what I mean when I say "reduces housing supply" [1]:
> However, since the onset of the coronavirus crisis the tourist leasing market has dried up, and landlords in the sector have reverted to advertising their properties on sites like Daft.ie
> ...
> In contrast, availability in the rental market has bounced, with 41 per cent more properties for rent nationally and 92 per cent more in Dublin.
So by "reducing housing supply" I mean there are less units to rent or buy because existing supply has been taken off those markets to become illegal hotels.
So here's an example of what I mean when I say "reduces housing supply" [1]:
> However, since the onset of the coronavirus crisis the tourist leasing market has dried up, and landlords in the sector have reverted to advertising their properties on sites like Daft.ie
> ...
> In contrast, availability in the rental market has bounced, with 41 per cent more properties for rent nationally and 92 per cent more in Dublin.
So by "reducing housing supply" I mean there are less units to rent or buy because existing supply has been taken off those markets to become illegal hotels.
[1]: https://www.irishtimes.com/business/economy/pandemic-reveals...