Santa Monica says "Later, dude!" to AirBnB
May 14, 2015 9:28 AM Subscribe
Tuesday night, the Santa Monica (CA) City Council unanimously passed one of the most restrictive laws in the nation on short-term rentals. The ordinance (which strengthens and enforces laws already on the books) explicitly bans vacation rentals – rentals of 30 days or less where the primary occupant of the home or apartment is not present – while legalizing and taxing “home-sharing” – i.e. renting a couch, spare room or backyard cottage - providing at least one of the primary residents lives on-site throughout the stay. Santa Monica (pop. 92K) receives over 7 million visitors annually; Salvador Valles, the city's acting chief administrative officer for Planning and Community Development, estimates the number of available listings on home-share sites would go from 1700 to 300. The ordinance goes into effect June 15.
- AirBnB, Rising Rent, and the Housing Crisis in Los Angeles [PDF]: A comprehensive report from LAANE (Los Angeles Alliance for a New Economy) slices and dices the housing numbers, with lots of cool charts and pictures.
- This particular angle on the AirBnB story, previously: 1, 2
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