Envy Apartment

Short-term rentals of private residences would be sharply curbed under a proposed ordinance drafted by San Diego City Councilwoman Barbara Bry , whose district includes the La Jolla area. Her proposal, released Monday, arrives a few months before the full council is expected to take up yet again the contentious question of how to regulate vacation rentals , which have mushroomed in popularity with the growth of the online home-sharing platform, Airbnb. The city planning department already is at work drafting alternative measures based on three options it released earlier this year, which at the time ranged from the most permissive to one that would effectively ban such rentals. The city is hoping to hear the matter Oct. 23, said Planning Director Jeff Murphy . It will mark the sixth hearing at City Hall in two years to consider the issue of short-term rentals. Under Bry’s suggested regulations, homeowners would be allowed to rent out only their primary residences on a short-term bas...

by Jimmy Thomson With a Sydney University report this week claiming that holiday rentals are having a significant negative impact on the residential housing market , whether you're a resident owner of an apartment or an investor, you should be concerned about what is happening with holiday rental laws in Australia. NSW and Victorian state parliaments have already had one shot at devising legislation on holiday letting and fluffed it. Now they are having another go. For many MPs, it's irrelevant. But for a minority in popular holiday areas , it's the poisoned chalice of pulling in tourists while driving out locals. And in apartments, it's about some investor owners boosting rental income while residents wonder who will be living next door from one weekend to the next. The Sydney University Urban Housing Lab report claims that holiday letting, predominantly though Airbnb, has taken 6000 homes out of the Sydney residential market . Airbnb disputes the findings. Mea...