This does nothing to dampen the hoarding of homes for investors that are looking for a place to park their cash due to low returns/high risk from other asset classes.

Generally, it is looking like housing being an investment by corporations and foreign interests is having a negative impact on the population that actually lives where the homes are located.

Only if those houses are affordable for the people that are demanding renting. And if rent prices are high, people can't save and can't buy anything.