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Pro
I have the baby niki as well as the niki wallet on chain. I love them both because they aren’t your typical YSL bags (imo all YSL bags look the same...structured box with that huge logo slapped in front but niki is different). People here will tell you to get Chanel because “it’s timeless” and that “you cannot go wrong with it”, but it really is up to your style. I heard that the Gabrielle chains can be a burden, but the zipper helps if you’re traveling
As someone who doesn’t have either, just my two cents: I love the look of the YSL Niki and am seriously considering getting one, the only negative I’ve heard is that the magnet is super strong so on a larger size that can be a bit annoying. Hobo is fun because you can wear it many ways with the strap but personally I’m not a big fan of the style. I’d say Niki if you going for edgier and Hobo for something a bit more classy
Pro
The magnet is annoying, but you can hammer it to make it less strong
Honestly not a fan of the Gabrielle Hobo style, I think the YSL actually looks more classic to me