LA Times: Airbnb and other short-term rentals worsen housing shortage, critics say
March 11,2015 3:00 AM
The last time he advertised one of his apartments, longtime Los Feliz landlord Andre LaFlamme got a request he’d never seen before. A man wanted to rent LaFlamme’s 245-square-foot bachelor unit with hardwood floors for $875 a month, then list it himself on Airbnb.
“Thanks but no thanks,” LaFlamme told the prospective tenant. “You’ve got to be kidding me.”
But he understood why: More money might be made renting to tourists a few days at a time than to a local for 12 months or more.