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Updated over 7 years ago,
The return of Seattle Airbnb/short term rental regulation
It appears the Seattle city council has given more thought to their ham handed approach in regulating short term rentals. It is less restrictive than initial proposals:
http://www.seattletimes.com/seattle-news/politics/seattle-to-relook-at-rules-for-airbnb-other-short-term-rentals/
Revised proposal:
http://wwwqa.seattle.gov/Documents/Departments/Council/Issues/RegulatingShortTermRentals/Regulating-Short-Term-Rentals_Summary_2017-04.pdf