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Palm Springs capped Airbnb rentals. Now some home prices are in free-fall

Por: Los Angeles Times Nation January 23, 2024

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Two years ago, YouTube star Luan Palomera paid $1.5 million for a chic vacation home in Palm Springs. Today, he’d be lucky to get $1 million for it. As L.A. continues its crackdown on Airbnb, city officials can turn toward the desert for an example — perhaps a cautionary tale — of the potential side effects of curbing the short-term rental market. In Palm Springs, a cap on short-term rentals in specific high-demand neighborhoods has all... + full article



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