Skip to main content

Airbnb Seeks to Influence California Housing Attitudes

Phil Hall
Oct 01, 2015
For Rent Sign

The home-sharing Airbnb service is using public relations and political activism in a two-pronged campaign against critics that claim it is damaging the California housing market by encouraging the removal of rental housing opportunities in favor of short-term private lodging.

In Los Angeles, Airbnb is aggressively refuting a recent study that charged it was depleting nearly 11,000 units from the rental housing market. The company has issued its own study stating that 80 percent of its Los Angeles listings were temporary, with most being rented out for less than 90 nights a year. The study added that Airbnb had no impact on Los Angeles’ rental vacancy rates and “no material impact on housing availability in the city of Los Angeles.”

Paavo Monkkonen, a UCLA assistant professor that wrote the introduction to the study, asserted that the Airbnb platform did not encourage the long-term removal of rental housing.

“Airbnb hosts are overwhelmingly not making more money than renting to a long-term tenant,” Monkkonen said.

And why is Airbnb releasing this study now? According to The Los Angeles Times, Airbnb and other short-term rental services will be in the crosshairs next week with the start of a series of public hearings regarding local regulation of short-term rentals.

Elsewhere in California, Airbnb is trying to influence voters not to interfere in the short-term rental market. KQED reports that Airbnb spent more than $8 million in this year’s San Francisco municipal election campaign to defeat Proposition F, which would limit short-term rentals to 75 days per year and create a requirement for private property owners to pay hotel taxes and comply with local lodging codes.

Airbnb, which is headquartered in San Francisco, has issued a statement claiming that Proposition F would create more harm than good, stating that “home sharing and Airbnb are helping to fight economic inequality by giving every resident the opportunity to turn their apartment or home into an economic asset.”

Oct 01, 2015
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

7 p.m. UPDATE: Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021