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Trouble with short-term rentals isn’t anything new for the city. In 2020, the city passed an ordinance limiting the number of unsupervised rentals to 1,000. ... Ms Young also told CBS News she ...
Solutions like those proposed in California Senate Bill 584, ... What before was a colorful row of houses is now a dark row of short-term rentals. Short-term rentals (STR) are converted houses ...
For example, in Santa Cruz, California, local supervisors have discussed parking restrictions in the areas where there are many short-term rentals, in order to discourage people from staying there, and prioritize the local residents' ability to park. [7] Some governments have taken measures to combat the rise in short-term rentals—for example ...
[80] [81] [82] In the rental market, California now has the lowest vacancy rate the state has ever seen, at 3.6%; [83] and while the median rent throughout the state for a two-bedroom apartment is $2,400, the median rent in coastal urban areas is even higher, surpassing $4,000 per month in San Francisco. [84]: 1
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
In the Beverly Grove neighborhood of Los Angeles, the asking rent for a two-bedroom condo jumped from $5,000 to $8,000 in the wake of the fires that started last week and have left thousands ...
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