>"The real problem here is not Airbnb, which is a symptom; it's zoning, which forbids market-clearing prices and a sufficient number of units to satisfy demand

>"The real problem here is not Airbnb, which is a symptom; it's zoning, which forbids market-clearing prices and a sufficient number of units to satisfy demand for living in and visiting the city." Maybe you haven't been to NYC in a while? This is not the case at all. New York City has undergone a hotel boom over the last 7-8 years, so much so that it has actually driven down the price of hotels: See: https://ny.curbed.com/2016/4/20/11471644/new-york-city-hotel-boom-ending https://ny.curbed.com/2016/4/20/11471644/new-york-city-hotel... and http://www.wnyc.org/story/new-york-citys-hotel-boom-keeping-prices-down/ http://www.wnyc.org/story/new-york-citys-hotel-boom-keeping-... Zoning a problems in NYC? The amount of condos and pace of real-estate development in NYC is head spinning. I can't think of another city that is more developer friendly. In fact developers have even been entitled to tax subsidies for their efforts. See: https://ny.curbed.com/2016/1/15/10846176/everything-you-need-to-know-about-nycs-421-a-tax-program-poised-to https://ny.curbed.com/2016/1/15/10846176/everything-you-need...