FROM Larry Gross
Will LA Implement New Restrictions on Airbnb? Los Angeles is now closer to implementing new restrictions on short term rentals like Airbnb. The City Planning Commission approved an ordinance that would cap the number of days someone can rent out their space. The max would be 180 days a year under the new rule. This applies only to people renting out their primary residence or a room within their own home. People who want to rent out their vacation home, extra unit, or back house would be limited to just 15 days a year. Hosts would also be required to follow some of the rules that hotels follow. They’d need to register with the city, pay a fee and pay taxes. People living in rent-stabilized housing would not be allowed to rent out their units at all. This ordinance now heads to the City Council for a vote.
Landlords, Tenants and Earthquake Safety When San Francisco apartment house owners retrofit their buildings, the entire cost will be passed on to their tenants. City Councilman Gil Cedillo has promised that won't happen in Los Angeles. Today, his committee is taking up what could be the most extensive retrofitting requirements in California history. Who should bear the cost of making those buildings earthquake safe?
LA's School District Is Building... Housing? Twenty percent of LA families spend more than half their income on rent. The scarcity of affordable housing makes it hard to live near your work. Now, some big employers are playing with solutions. And Mayor Eric Garcetti wants to see more of that. Tonight we’ll hear about an unlikely partnership between a developer and LA unified school district ‐‐ building apartments for its workers and other city residents.
LA's Housing Shortage Pits Tenants against Their Landlords Los Angeles is the least affordable housing market in the United States, according to authorities at UCLA. City Council members are calling a state law part of the problem. The Ellis Act allows property owners to evict long-time tenants from rent-controlled units — even if they're elderly, poor, disabled or military veterans. San Francisco officials challenged the real estate lobby in Sacramento and worked some changes. Could LA do the same?
Real Estate: Too Expensive to Buy, Too Expensive to Rent If you're actively looking to buy a home in Southern California, you won't be surprised by this week's report by the real estate website Trulia. Los Angeles, Orange County and the Inland Empire are three of the country's five most overpriced housing markets. And here's the kicker: housing prices are soaring — but incomes are not keeping up.
Council Tries Spreading Pain of Tough Times to Homeowners and Landlords The Los Angeles City Council is trying to spread the pain of economic hard times to homeowners and landlords. Who should pay for sidewalk repairs? Should owners of rent-controlled apartments have to freeze increases for tenants?
Rent Control on the June Ballot In 2005, the US Supreme Court outraged land owners all over the country. It said a local government could use the power of eminent domain to seize private homes --not just for roads, schools or other public projects, but for private developments that would provide increased taxes. Two years ago, California voters rejected a proposition that would have prohibited that practice. This year, the issue is back on the ballot—in competing Propositions 98 and 99 . Both would limit the power of eminent domain, but Prop 98 would do much more.
Condo Conversions and Relocation Fees LA's population growth has outstripped affordable housing, even for the middle class. The owners of rent-controlled apartments are limited to increases of 4% every year. So, many convert their buildings--or tear them down--to replace apartments with condos, which bring in a lot more money. Currently, tenants get relocation fees of $3500, $8500 if they're over 62, disabled or have minor dependent children. Yesterday, in chambers packed with tenants, landlords and developers, a majority of the Los Angeles City Council raised those fees and adopted a sliding scale, based in part on the tenant's income. The majority wasn't big enough to pass what the city's own planning director calls a mess in the making, so another vote will be taken next week. We join housing advocates and organizers, developers and city planners for an exploration of a dispute that dramatizes one of LA's most difficult problems, the shortage of affordable housing.
Trump, Russia and rabbit holes Conservatives are now joining liberal critics of President Trump by demanding to know about his administration’s ties to Russia. We hear about Washington latest political flap and possible unintended consequence.
CBO: Under GOP plan, millions will lose coverage Republicans are divided and Democrats are saying, "we told you so," when it comes to official estimates of what it will cost to repeal and replace Obamacare. The Trump White House says the Congressional Budget Office is just wrong.