Letters to the Editor: L.A.'s short-term rental law couldn't stop the party house in my neighborhood [Los Angeles Times (CA)]
Airbnb, Inc. - Class A (ABNB)
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Source: Los Angeles Times
rental (STR) industry and the dismal response from city leaders. While eager to tout their efforts to address housing affordability, L.A.'s mayor and City Council members have turned a blind eye to the cavernous loopholes in the ordinance that's supposed to limit STRs to registered primary residences with no more than 120 rental days per year. Not only are our elected officials leaving big money on the table from unregistered STRs, but their lack of action often leaves residents on their own to face unruly occupants, noise, trash, illicit drug use and occasional violence. STRs take otherwise rentable spaces off the market and drive up rental prices, seriously diminishing affordability. Last summer, my quiet Studio City neighborhood dealt with an Airbnb “party house” and was able to get the assistance of our council member, police and the city attorney's office after local media coverage. Our sustained efforts resulted in the owner selling the property. Yet, one year later, littl
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ABNB
Earnings
- 8/6/24 - Miss
ABNB
Sec Filings
- 9/26/24 - Form 4
- 9/24/24 - Form 144
- 9/19/24 - Form 4
- ABNB's page on the SEC website