> What it disallows is having an apartment you rent out in full on AirBnB, either doing that exclusively as an income source or yourself staying elsewhere whene

> What it disallows is having an apartment you rent out in full on AirBnB, either doing that exclusively as an income source or yourself staying elsewhere whenever you are renting it out. How is that well-targeted? What compelling public purpose is served by preventing people from renting out their apartment while they're on vacation? > Put in that context, the legislation seems pretty well-aimed at its goal of creating more affordable housing in the city. I really disagree. You can't just ignore supply and demand—the affordability crisis in most popular cities is a testament to how terrible of a policy doing so is. There are tourists who want to visit NYC and people who want to have short-term sublets. They're not just going to disappear—they're going to drive up the market price for hotels, which will induce the construction of more hotels (and thereby removing "affordable" housing from the market). The worst part is that hotels are vastly less efficient per-foot than AirBNB at fulfilling the needs of many short-term renters. So hotels will end up removing more capacity from the affordable housing market than AirBnB ever did.