Short-Term Residential Rentals

This article examines how short-term residential rentals affect the price and supply of affordable housing in Los Angeles and offers recommendations for regulating this use. It provides an overview of Los Angeles’ affordable housing crisis and the growth of Airbnb in that area, describes the effects that short-term residential rentals have on rental prices and supply of affordable housing, and analyzes the impacts of Airbnb on displacement, gentrification, and segregation in the city. It also assesses strategies, regulations, and policies municipalities can use to regulate Airbnb, and recommends a set of regulations, taxes, and community-benefits agreements to promote the goals of affordable housing advocates.