An acquaintance, living in a building whose management was very tolerant of the short-term rental of its units, recently saw a double-digit rent increase. The owner believed, probably correctly, that he was better off leasing his apartment to a series of short-term stayers versus a long-term tenant. Ignoring rental and regulatory volatility, this makes sense.
Point is, the gripes are real. They are also the kinds of social disagreements politics is designed to deal with. Blowing past that will probably backfire, particularly in New York.