NYC already has a rent-stabilization policy -- so generally speaking they don't. In fact, tourism bolsters the local economy which provides jobs for local residents.

I personally disagree with time spent being a metric for who gets to live here and who doesn't but people don't take kindly to that sentiment in the US.

Rent Stabilization has been in the process of being phased out since 1970:

- Rent Control simply doesn't exist if you or a relative you co-habitated for years with under special conditions lived there before then.

- Rent Stabilization for a unit ends the moment the stabilized rent hits within striking distance of market rate or the number of stabilized units in-building drops below a threshold. More units deregulate every year than are added and this is true year over year as well (sole exceptions to the latter being in 2014 & 2015).

But it's a very slow process: a majority of NYC residents live in below-market-rate housing. And Bill de Blasio's mayor campaign was anchored on preventing "affordable housing" units from leaving the pool, so the rate of decrease may have slowed down.