As Los Angeles gears up for a surge of tourists for this year’s FIFA World Cup and the 2028 Olympics, vacation rental giant Airbnb is urging the city of Los Angeles to legalize thousands of new short-term rentals. The company promises that the expansion will add more than $100 million in tax revenue to city coffers amid a severe budget crisis. But opponents say more short-term rentals will further strain an already limited housing supply.
In a report issued this month, Better Neighbors LA, a coalition of housing activists and labor groups that monitor short-term rentals, countered the Airbnb proposal with its own revenue generating idea: Enforce the city’s existing home sharing law, cite violators and bring in tens of millions of dollars in fines that the group says the city has simply failed to collect.
