LAist: How Airbnb Is A Blessing And A Curse For L.A. Renters

It’s common knowledge that the rent in Los Angeles is high, but there’s some debate as to whether Airbnb and other roomsharing services have anything to do with it.

 

According to an upcoming report from the Los Angeles Alliance for a New Economy (LAANE), Airbnb is making our rental crunch worse, L.A. Weekly reports. LAANE, a pro-labor organization, alleges that Airbnb yanks about 7,795 units that could otherwise be rented to long-term tenants off the market.

Read more here.