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>>Estimates that more than 7,000 houses and apartments have been taken off the rental market in metro Los Angeles for use as short-term rentals. As I am search

>>Estimates that more than 7,000 houses and apartments have been taken off the rental market in metro Los Angeles for use as short-term rentals. As I am searching for a good apartment in LA, this makes me bit upset.

Omniusaspirer 11y ago
Only because it's contrary to your own personal interest. The owners of these properties have clearly determined that the actual value they can realize on the properties they own is maximized by Airbnb as opposed to a more traditional rental. They're certainly happy, as are -presumably- their short-term renters.
- 31reasons 11y ago
  Maybe my comment is also contrary to your own personal interest.
  - Omniusaspirer 11y ago
    A downvote, a shill accusation, and no counter-argument. Perhaps you could take a different approach and explain to me why you feel the interests of a single renter should supersede those of a property owner and 10's or even hundreds of shorter-term renters.
ripley12 11y ago
You may want to read Greg Morrow's UCLA dissertation on urban planning in Los Angeles for some context: http://escholarship.org/uc/item/6k64g20f#page-1 http://escholarship.org/uc/item/6k64g20f#page-1 This graph (p. 3) shows that zoning changes in LA since 1960 are many orders of magnitude more important than 7,000 short-term rentals: http://1.bp.blogspot.com/-HnkwzmO56vU/VQHurofJUUI/AAAAAAAABE4/NeJaN16zkkQ/s1600/2014-08-07%2B17-06-37_The%2BHomeowner%2BRevolution_%2BDemocracy%2C%2BLand%2BUse%2Band%2Bthe%2BLos%2BAngeles%2BSlow-Growth%2BMo.png http://1.bp.blogspot.com/-HnkwzmO56vU/VQHurofJUUI/AAAAAAAABE...
prostoalex 11y ago
Why is "build more" not a solution for this problem?
- 9999 11y ago
  Because the very same Santa Monican NIMBYs that just passed that law have made it impossible to build more housing: http://www.santamonicanext.org/2015/05/santa-monica-city-council-says-no-to-5-story-housing-on-boulevards/ http://www.santamonicanext.org/2015/05/santa-monica-city-cou... As an aside, if anyone is looking to locate a startup in Los Angeles, do your future employees a favor and avoid Santa Monica. Downtown LA and Culver City are far more sensible options and allow for a reasonable commute and/or nearby housing at lower prices than Santa Monica.
  - prostoalex 11y ago
    Phase 2 of Expo line is scheduled to open early next year http://www.metro.net/projects/expo-santa-monica/ http://www.metro.net/projects/expo-santa-monica/

Omniusaspirer 11y ago

Only because it's contrary to your own personal interest. The owners of these properties have clearly determined that the actual value they can realize on the properties they own is maximized by Airbnb as opposed to a more traditional rental. They're certainly happy, as are -presumably- their short-term renters.

31reasons 11y ago
Maybe my comment is also contrary to your own personal interest.
- Omniusaspirer 11y ago
  A downvote, a shill accusation, and no counter-argument. Perhaps you could take a different approach and explain to me why you feel the interests of a single renter should supersede those of a property owner and 10's or even hundreds of shorter-term renters.

ripley12 11y ago

You may want to read Greg Morrow's UCLA dissertation on urban planning in Los Angeles for some context: http://escholarship.org/uc/item/6k64g20f#page-1 http://escholarship.org/uc/item/6k64g20f#page-1 This graph (p. 3) shows that zoning changes in LA since 1960 are many orders of magnitude more important than 7,000 short-term rentals: http://1.bp.blogspot.com/-HnkwzmO56vU/VQHurofJUUI/AAAAAAAABE4/NeJaN16zkkQ/s1600/2014-08-07%2B17-06-37_The%2BHomeowner%2BRevolution_%2BDemocracy%2C%2BLand%2BUse%2Band%2Bthe%2BLos%2BAngeles%2BSlow-Growth%2BMo.png http://1.bp.blogspot.com/-HnkwzmO56vU/VQHurofJUUI/AAAAAAAABE...

prostoalex 11y ago

Why is "build more" not a solution for this problem?

9999 11y ago
Because the very same Santa Monican NIMBYs that just passed that law have made it impossible to build more housing: http://www.santamonicanext.org/2015/05/santa-monica-city-council-says-no-to-5-story-housing-on-boulevards/ http://www.santamonicanext.org/2015/05/santa-monica-city-cou... As an aside, if anyone is looking to locate a startup in Los Angeles, do your future employees a favor and avoid Santa Monica. Downtown LA and Culver City are far more sensible options and allow for a reasonable commute and/or nearby housing at lower prices than Santa Monica.
- prostoalex 11y ago
  Phase 2 of Expo line is scheduled to open early next year http://www.metro.net/projects/expo-santa-monica/ http://www.metro.net/projects/expo-santa-monica/