We used to have nice big TV monitors in the lobbies. 

I do not advocate for completely leaving 100% from the theater but a 90% draw down YES 100%. 

NAR doesnt, because they dont do any lobbying at the state level.However, some state associations have been involved in this, which is why Im involved in MD and DC. 

A lot of people will pay $1200/nt for 4 crappy budget motel 6 quality rooms at the All-Star resort rather than $175/nt for an 8br themed out mansion with a private pool, theater, and $30,000 arcade room.To answer your original question on investing over a long-term period, that is really this market's main strength. 

This can be cap ex to the building's common elements or cosmetic like a new lobby that you as a landlord may not view as a worthwhile investment but the owner occupants may.

I think the offering would have died in the lobby floor if attempted as equity.

Finally, there are digital nomads and some theater performers who need to stay for more than 30 days.

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

@Scott Trench I volunteer the full resources of myself, team, network and lobby powers with associates in facilitating any/all of these actions you deem required to take. 

The big wholesaling shops in our states are spending their own resources to actively lobby for wholesaling to prevent it from being banned.