January 2, 2017
Under the proposal being considered by the council, housing covered by the city’s Rent Stabilization Ordinance — believed to be about 80% of the city’s rental stock — couldn’t be rented out on home-sharing companies. Larry Gross, executive director of the Coalition for Economic Survival, said home-sharing companies are hurting L.A.’s stock of affordable housing. “They must be restricted,” Gross said of Airbnb….
Source: http://www.latimes.com/local/lanow/la-me-ln-2017cityhall-20170102-story.html