That would be OK, but renting for short term should be illegal? If AirBnb residents are noisy and disrespect the laws, call the cops on them. If owners don't pay their due taxes, call IRS on them. It's no reason to make it illegal to rent for short term.
I have used AirBnb in many cities on 4 continents and was always respectful to the locals and even tried my best to follow the specific recycling rules and such.
What I enjoy the most is the organic feeling of being in a real apartment vs being in a hotel room. Hotel rooms all feel the same, wherever you go. What I want is to experience the same perspective as a local, well, at least to attempt to do that, and that is because I appreciate the different cultures.
Banning short term apartment rentals would send a bad message to people who just want to appreciate your culture.
And what happens when that leads to calling the cops every weekend, for a different group of people?
I'll tolerate my neighbour having a loud party on his 25th birthday, or him accidentally banging his suitcase down the stairs at 5.30 when he's catching an early flight. I'll do the same, equally infrequently.
It's simply not fair to have that behaviour every fucking weekend, which was what happened when an apartment in the building was put on AirBnB.
Fortunately, the listing was removed the day after I sent it to the landlord, and the noise has stopped. I highly doubt any tax was paid on the income, which is also wrong.
Harvard Economist Edward Glaeser wrote about this in his Op-Ed, Build Big Bill: http://www.nydailynews.com/opinion/build-big-bill-article-1....
Before you can build a newer, bigger building, you first need to buy a large enough contiguous area from potentially several owners who don't particularly want to move. That adds friction and years of extra work to any new building, which will discourage new construction, lower supply and raise prices regardless of the zoning.
Unless you're proposing that the government begin seizing tracts of land in Manhattan on behalf of high-rise developers?
[1] http://www1.nyc.gov/assets/planning/download/pdf/zoning/zoni...
More directly, it's one of the reasons NYC real estate is so valuable in the first place. The way the city has managed density (and parks, open space, and its waterfront) has in general worked out pretty well, over the years. Which has helped the city thrive in ways that its direct competitors (such as Boston and Baltimore) have not.
If AirBnb wants to make housing more affordable in NYC, they should lobby to remove these zoning laws that benefit wealthy landlords such as Donald Trump.