Conclusion: A Tale of Two Cities—Regulation and Resistance. Find out more about loosening Airbnb restrictions before Mamdani admin.

Local Law Eighteen, two years on, stands as a powerful testament to the city’s prioritization of permanent housing stock above the supplemental income streams of its residents. The evidence is clear: the vast majority of non-compliant listings vanished, and enforcement is stronger than ever. The evidence is equally clear that this action did not magically solve the **New York City rental market** crisis; rents and hotel prices continued to climb post-2023. The debate has now entered a more nuanced, political phase. On one side is the progressive front, embodied by Mayor-elect Mamdani, whose platform suggests further regulation—including rent freezes—while viewing short-term rentals as a distraction from systemic failures. On the other side is the industry, banking on the passage of Intro 1107 to provide modest economic relief to homeowners by adjusting privacy and occupancy caps. The lingering impact of LL18 is not just the absence of listings; it’s the creation of a highly charged political environment where every legislative decision is viewed as a proxy war for the city’s economic soul. For hosts, the next year will be defined by compliance and the fate of Intro 1107. For the city, the real test remains whether it can address the core supply crisis without stifling the economic resilience of its middle-class homeowners. What do you think—is Intro 1107 the common-sense compromise New Yorkers need, or is it a dangerous step back that undermines the goal of housing preservation? Let us know in the comments below!