A labor group is taking on the impact of short-term rentals on the housing market in one of the most expensive cities in the country. The debate is contentious, with numbers flying both ways, and also critical for the economic health of cities.
"A report released Wednesday [March 11] from the pro-labor group Los Angeles Alliance for a New Economy finds the commercialization of short-term rentals is exacerbating L.A.'s housing crisis and driving up the price of rent," reports Kristen Lepore.
The article quotes LAANE analyst Roy Samaan in explaining the findings of the report: "We boil it down to a pretty simple question of supply and demand,….When units are not available for rent, the supply of rental units is less and that means prices will have to respond."
Airbnb counters by citing research completed by Thomas Davidoff, a professor at University of British Columbia on contract for Airbnb, which found that "people sharing a home that wasn’t their primary residence increased rental prices by at most $6 - a third of one percent - over the past five years…"
The article goes on to provide more back and forth between critics of supporters of Airbnb, including an explanation about the fundamental difference between the two opposing sides gather and analyze the data to make their case.
FULL STORY: Pro-labor group, Airbnb argue over impact on rental housing
Can Los Angeles Regulate Airbnb?
Several Los Angeles neighborhoods, Venice in particular, have become hotbeds of short-term rental activity. Upset by a stream of raucous visitors, residents wonder whether the city can—or will—enforce regulations on platforms like Airbnb.
L.A. Adopts Strict Short-Term Rental Regulations
The Los Angeles City Council approved significant new regulation of short-term rentals, available on platforms like Airbnb, earlier this week.
Boston Mayor Wants to Limit Short-Term Rentals
Boston Mayor Martin J. Walsh thinks short-term rental companies like Airbnb are having a negative effect on the city's housing market, and he'll walk a fine line to regulate the industry.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
California Grid Runs on 100% Renewable Energy for Over 9 Hours
The state’s energy grid was entirely powered by clean energy for some portion of the day on 37 out of the last 45 days.
New Forecasting Tool Aims to Reduce Heat-Related Deaths
Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.
AI Traffic Management Comes to Dallas-Fort Worth
Several Texas cities are using an AI-powered platform called NoTraffic to help manage traffic signals to increase safety and improve traffic flow.
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HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
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ULI Northwest Arkansas
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