Airbnb Investors Impact Housing in Tight L.A. Market
Posted Thursday, September 13, 2018 - 6:59 pm
By Victoria Talbot
According to a report by AirbnbWATCH, a watchdog organization that protects consumers and communities from illegal hotels in residential communities, the number of short-term rentals in Los Angeles has grown more rapidly than the general housing supply, jumping 9.7 percent since mid-2016.
In fact, the report shows that more than 45 percent of short-term rentals are controlled by investors citywide and more than 50 percent of those are in Venice, Westwood, West Los Angeles, Hollywood, Bel Air, Playa Del Rey, Van Nuys and some areas of Central and DTLA.
For full story see the print edition of The Beverly Hills Courier, or download the e-edition.