[yardie]

It's funny Brian compares NYC to Paris. If there is one thing the French love is to create rules and regulations. I think the team in Paris realized, probably early on, they could work with the marie or against the marie. And work with some well-meaning regulations. Parisians were concerned about affordability and flat supply early on with Airbnb, VRBO, and PaP. NYC city hall was not and figured the market would sort itself out. Year after year the calls were growing louder about landlords evicting tenants for short term tenants, and the council continued to ignore it. People are angry, they vote, and if you piss them off long enough they can do leverage it in unexpected ways.

I was an early proponent of Airbnb, when it was just geeks renting their flats out for the weekend. But growth meant it had to take over more housing. Taking it away from residents and turning it over to tourists. I wanted it to "Live like a local" but when you have entire buildings dedicated to short term rentals none of the locals are around.

[JumpCrisscross]

It is an interesting example of a company failing to self regulate. I’m genuinely fine with my neighbours renting out the apartment they live in while they’re there or out of town. But it wasn’t okay to be woken up at 4AM to the button-mashing buzzer fiend of the week.

[hospitalJail]

>I think the team in Paris realized, probably early on, they could work with the marie or against the marie. And work with some well-meaning regulations.

That sounds all great, but you also wonder if these well-meaning regulations are the reason why Europe is so far on the decline.

I'm not convinced NYC did the right thing here. You are destroying a large part of the tourism industry in favor of a mere ~10k new listings, still controlled by landlords. You wonder how much this is going to hurt the government's bottom line.