New Yorker here. Short-term rentals and Airbnb in particular have had a noticeable negative impact on my downtown Manhattan neighborhood, although I'm not talking about rent. Everyone I know now has stories about "guests" who let anyone and everyone into the building, damage common areas, and make noise all night long, because really, what do they care? They are on vacation. They are here to party, and then they are gone forever.

Apartments are designed for long-term residents. Why should we even consider allowing them to become budget hotels?