Political Warfare over the Sharing Economy

Airbnb claims almost 5000 "hosts" are offering rooms, and entire houses, for short-term rental in 80 Los Angeles neighborhoods. The start-up that's raised almost $20 billion in venture capital says it helps travelers to get off the beaten path and artists and other creative owners to stay in their homes — producing a $312 million bonus to the economy of LA alone. But neighbors in Silver Lake, Mar Vista, Venice and the Miracle Mile have other ideas — and they've organized as Keep Neighborhoods First!