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Activists say Airbnb drives up rents. But is that actually true? L.A. needs to find out

Activists say Airbnb drives up rents. But is that actually true? L.A. needs to find out

The city of Los Angeles is considering an ordinance that would force thousands of small businesses to close their doors. These businesses currently provide a valuable service to customers and much-needed income to their owners.

The ordinance I have in mind is the one targeting Airbnb rentals. Hosts could offer only one unit for at most 90 days per year, with draconian financial penalties for violations. Since many hosts currently offer multiple units, each for 365 days per year, the ordinance would radically shrink the city's Airbnb market. And since the city has the right to collect taxes on the income Airbnb hosts earn, the ordinance would also severely limit a potentially...

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