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HOA proposing to limit rental options

I live in a town-home community and our HOA is proposing to cap the number of units that can be rental units (non-owner occupied) to 25% of units and mandate that the primary owners occupy the unit for three years before they can be rented out. We will be voting on the amendments later this year. My first inclination is to vote no on this proposal. I'm not thinking of renting out unit, but I can't think of any good reason to limit homeowners like this. Does anyone have strong options one way or the other? Are home values ever diminished if a community is majority rented out? That seems silly to me. Thanks!

submitted by /u/peffertz08
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source https://www.reddit.com/r/RealEstate/comments/ijmh0k/hoa_proposing_to_limit_rental_options/
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