by Reuters MAY 13, 2015
(Reuters) – The Santa Monica city council voted unanimously to restrict rentals of private homes and apartments.
Santa Monica, a prime Southern California tourist destination, has approved restrictions on short-term home rentals that will limit companies such as Airbnb, in what the city’s mayor touted as model regulation for other communities to adopt.
The Santa Monica City Council voted 7-0 on Tuesday to prohibit housing unit rentals of less than a month, unless the primary resident is also staying there and will pony up the same 14 percent occupancy tax hotels in the city must pay.
eople who list their homes online for short-term rental say it provides them needed revenue, especially in areas where housing prices are high.