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Updated about 8 years ago,
Santa Monica vs AirBNB
Not sure how many of you rent via AirBNB or similar sites in Santa Monica, but check out how the city government is trying to stop short term rentals. Hopefully they don't set a precedent and kill the vacation / short term rental market! :(
http://www.citylab.com/housing/2015/05/santa-monica-just-outlawed-80-percent-of-its-airbnb-rentals/393401/