Ha, I took my kids to watch that building implosion near the end of the video (1:43) a couple of years ago!

Unfortunately the few bad tenants are the ones we generally hear about, not the multitude of good ones...like I myself was for my LL.So I'm sure there will be impacts, and I'm sure there will be bad actors, but legislation like this doesn't suddenly overnight create an implosion in an entire industry.

So they go into foreclosure, causing a rise in inventory/further price implosion. 

One month ago, we thought that the unprecedented implosion in US commercial real estate in the month of April following the near-uniform economic shutdown following the coronavius pandemic, manifesting in the surge in newly delinquent CMBS loans would be one for the ages, even though as we predicted May would likely be worse as a result of the spike in specially services loans.

I am not aware of implosion that @Diane G. is talking about as I have added 2 more to my portfolio this year.  

No doubt there are individuals in this and many other RE niches or other industries entirely who will experience an "implosion" but to be so dramatic about an entire industry is nonsense.  

This is EXACTLY the times we were warning against...Another time is coming, perhaps 2 or 5 or more years, when this 5%+ quarterly (at least in my town) growth of new Airbnb properties leads to an implosion of occupancy and/or rent in the STR space.

“Implosions”!

Stock market implosion. 

(Failed FOREX trader) I see an implosion of the funny money within the coming decade or two.