Lin needs to look into how other cities have pushed back against companies like Airbnb - end tech’s ever expanding commodification of housing, ban short term rentals in Seattle (this move alone would represent thousands of units being available to Seattleites).

Progressive revenue is a nice goal but only if it displaces regressive revenue - if not it’s doing little to reduce the cost of living for those most impacted by our upside down tax system.

@1 NYC's ban of Airbnb has done nothing to help housing affordability but it has caused hotel rates to go through the roof

https://www.businessinsider.com/nyc-short-term-rental-airbnb-ban-housing-market-impact-data-2024-10

@2 No one thing is a panacea but listings dropped over 17,000 (from over 22,000 listings to under 5,000); moreover (from said article):

“From the perspective of rate-price growth in NYC specifically, results are promising. Between August 2023 — the month before the law went into place — and August 2024, median asking rent in NYC has increased by just 0.5%, according to data from Zillow-owned real-estate-listing site StreetEasy. That's a sharp slowdown from nearly 7% rent-price growth over the same period in 2023, and 31% for the 12 months ended August 2022.”

That sure sounds like improvement to me.

And if you look to Irvine, CA (where the ban has been in place longer), results are even more promising:

https://conduitstreet.mdcounties.org/2023/11/14/irvine-ca-banned-airbnbs-two-years-later-rents-decreases-three-percent/