In New York City, I think there were a number of things going on. I think the first thing is that we were slow to be here. I think we didn't get our story out early. So there was a bit of mis- information about who our company was. But I also think there was some substitive problems. There was a phenomimom that occurred where landlords decided you could make a lot of money. By taking units off the market and just renting them on a short term basis. And though I think the scope of it was overstated in our platform this was a real problem. And people were doing this. And I would consider this to be a very bad negative rationality. We were a little behind in this and we've had to play catch up and so in New York City we have done a number of things. We've made [ UNKNOWN ] wanna pay, collect in the hotel room tax like we do in San Francisco, in Chicago, and all these cities around the world. We wanna limit host to one home. So, just the home you rent. And I think the basic premise we want is if a city is in a housing constraint, San Francisco's in a housing constraint. New York City's housing constraint. We want people to rent the homes they live in, not take off units off the market. And so, right now, we've, San Francisco instituted a cap. They figured, after x number of days, you probably don't live there. And so we work with those caps, and this is how we decided to use it. The last thing is landlords. I know there's some major landlords in this room. And I know not all of love to have this activity in their building. And so we're instituting, in the process of instituting a family landlord program. Where landlords can sign up and we can allow them to get information about who's in their building, using it. They can even get a revenue share of the income. And they get the peace of mind knowing that the rent check's probably gonna come. And we're trying to get much more tight around people understanding the rules and regulations of their city and their buildings. And to, I think, get a bit more hands- on. [ BLANK_AUDIO ]

Here’s How Airbnb Is Trying to Crack Into NYC