Thousands of short-term rentals are breaking the law. The city is leaving millions of dollars on the table by not enforcing the rules.
California’s median home price is near $750,000. The most promising prescription for the housing shortage is undoing single-family zoning and increasing density.What should the city be doing about this? First, it should get serious about collecting fines from short-term rental hosts who are breaking the rules. A year ago, records from the city indicated that it was collecting less than $4,000 a month in home-sharing ordinance fines.
In practice, if the city started rigorously enforcing its own rules, hosts would stop breaking the law with such impunity and the fines collected would go down. But that’s a good thing: Similar to the approach of imposing so-called “sin taxes” on alcohol and cigarettes, part of the rationale for aggressively enforcing fines would be to discourage a socially harmful activity, not simply to raise revenue from that same activity.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thousands of South Korean teachers are rallying for new laws to protect them from abusive parentsThousands of South Korean school teachers are calling for tighter legal protections from bullying by parents, a rising problem in a country known for its brutally competitive school environments.
Read more »
Thousands of South Korean teachers are rallying for new laws to protect them from abusive parentsThousands of South Korean school teachers are calling for tighter legal protections from bullying by parents, a rising problem in a country known for its brutally competitive school environments
Read more »
Thousands of South Korean teachers are rallying for new laws to protect them from abusive parentsThousands of South Korean school teachers are calling for tighter legal protections from bullying by parents, a rising problem in a country known for its brutally competitive school environments.
Read more »
Thousands of South Korean teachers are rallying for new laws to protect them from abusive parentsThousands of South Korean school teachers are calling for tighter legal protections from bullying by parents, a rising problem in a country known for its brutally competitive school environments.
Read more »
Libya opens investigation into dams' collapse after flood killed thousandsThe floods overwhelmed two dams, sending a wall of water several meters high through the center of Derna, destroying entire neighborhoods and sweeping people out to sea.
Read more »
Thousands of S Korean teachers rally for protection from abusive parentsThe protesting teachers, who have rallied for weeks, say current laws make it difficult to exercise control over their classrooms and leave them at the mercy of overbearing parents, who could easily accuse them of emotionally abusing children.
Read more »