There was something in the news about this last year: it's somewhat of a protection for the hotel industry: those types of rentals aren't supposed to be short-term.
If you lived in a condo would you want a different set of neighbours every night. Not respecting the property perhaps? I a, not surprised at this ruling for a city like NYC. Then again I am using airbnb for a trip to Paris on Sunday so I am a big fan of the site itself, just that I could see how this could run against hotel laws in NYC.
You wouldn't care if you were a condo resident if your neighbour had a different bunch of people next door cuz they are gone in a week or so?
Oh SOLACE not SOLSTICE
the intent of the NYC law was to prevent multi unit landlords from turning their buildings into defacto hotels.
I see no issue with condo owners renting out their units for short terms stays, in fact I think it would be better for the neighbors because if there are issues you can take solstice in the fact that they're gone after a week or so. Also, that the unit would be vacant more often than if it was rented under a lease.
Paris, nice I'm due for another trip back such a fantastic city