Provides stability to the residential community, preventing disruption from transients not invested in the social fabric of the community, who feel free to be a nuisance.
That's the PR response. While there is truth to it, surely there is an element of entrenched industries using their money and power to protect themselves.
One benefit is that it allows rent control. Without this, the arguments in favor of rent control go out the window - if the tenant can make significantly more renting out the apartment than they are currently paying, there's no legitimate reason to force their landlord to charge below market rents.
It is reasonable for the government to regulate short-term rentals in regard to health and safety as well as to protect neighbors from the hassles of living next to short-term rentals. This is why zoning laws exist.
judk|12 years ago
chez17|12 years ago
banjomonster|12 years ago
jtbigwoo|12 years ago
seany|12 years ago
Mikeb85|12 years ago
There's much more money in the tech industry.
It's about protecting consumers...
Nutella4|12 years ago