hmm I wonder why AirBnB didn't have the same effect on Tokyo 

https://www.citylab.com/equity/2018/03/what-airbnb-did-to-new-york-city/552749/ …
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because they don't travel and realize there is ANYTHING better
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Corruption. Fear. Envy.
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Millions of residential units in NYC and a few thousand ABnB units gonna make a diff? Maybe if there was some kind of market restriction that had the effect of limiting the number of units on market, and even then
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Because some people think that their cities problems can only be fixed by utopian socialism.
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