> 39000 rental units That's 1.7% of the total of rental housing units in NYC. NYC builds roughly 22k units per year. In comparison, Austin, which has actuall

> 39000 rental units That's 1.7% of the total of rental housing units in NYC. NYC builds roughly 22k units per year. In comparison, Austin, which has actually seen rents become more affordable, also built around 22k units in 2023. That's 9% of the number of rental units in Austin. So Austin builds 4.5 as much per year. Having some level playing field for Airbnb is fine (the business license thing seems odd though) – but you won't solve the issue with this trick. At best you get a one-shot gain that you should get every year. That's not going to affect the S/D curve that much in the next 5 years.