Santa Monica vs AirBNB

[Jon Magnusson]

Not sure how many of you rent via AirBNB or similar sites in Santa Monica, but check out how the city government is trying to stop short term rentals.  Hopefully they don't set a precedent and kill the vacation / short term rental market! :(

http://www.citylab.com/housing/2015/05/santa-monica-just-outlawed-80-percent-of-its-airbnb-rentals/393401/

[Al Williamson]

Yep the pendulum is going to swing too far before the laws figure out what to do with the collaborative economy. It's just a process.

History repeats. It's Probation all over again.