- Associated Press - Monday, December 15, 2014

LOS ANGELES (AP) - Short-term housing rentals are growing in Los Angeles - and so is the debate around them.

“Home sharing” industry giant Airbnb has released a study showing its website helped nearly 4,500 “hosts” rent out rooms or homes in the city of Los Angeles over a 12-month period ending in April. The hosts collected $43.1 million in rent.

The Los Angeles Times (https://lat.ms/1z2kQk7 ) reports the study comes as City Council members are calling for tighter regulations on short-term rental arrangements.

The Airbnb study found guests and hosts directly or indirectly spent $312 million, enough to support 2,600 jobs.

Yet while business booms concerns have risen over zoning laws, neighborhood preservation, taxes and a squeezing of the broader housing market. City Council members have asked the city to study short-term rental laws.



___

Information from: Los Angeles Times, https://www.latimes.com

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2019 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide