Agenda Packet 9-23-19 Work Session

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Airbnb Citizen https://www.airbnbcitizen.com/ The Airbnb Analyst http://the-airbnb-analyst.com/ How Airbnb short-term rentals exacerbate Los Angeles’s affordable housing crisis: Analysis and policy recommendations. Dayne Lee. Harvard Law and Policy Review. 2016. http://blogs.ubc.ca/canadianliteratureparkinson/files/2016/06/How-Airbnb-Short-term-rentals- disrupted.pdf Meet LA’s most prolific Airbnb host, with 78 units for rent. Adrian Glick Kudler. Curbed Los Angeles. March 12, 2015. https://la.curbed.com/2015/3/12/9981370/airbnb-los-angeles-most-prolific-host-ghc Airbnb and neighborhood conflict. Peter Van Doren. Cato at Liberty. October 16, 2018. https://www.cato.org/blog/airbnb-neighborhood-conflict Oregon, specifically A major document by Sadie Dinatale and the University of Oregon’s Department of Planning, Public Policy and Management (2017) reviews the issues with short-term rentals as they pertain to Oregon and offers suggestions on how to respond to them. Its Appendix B gathers statistics from ten resort and coastal towns in Oregon, which indicate a general financial motive for owners to operate STRs. Appendix C shows the legislative approach taken in each case, followed by an industry summary for all Oregon cities with Airbnb. Very few showed no revenue for the period covered; Portland showed $64 millon+, Eugene $8 million+, but figures did not necessarily rise in tandem with population. Many of the communities with higher revenue were small, and located on the North Coast (p.19). In the year covered, SRT hosts earned $82 million, on which the state via its 1.8% transient lodging tax (TLT) earned $1.5 million. Aligning with other studies, they find STRs are likely reducing the supply of long-term housing as STR growth increases faster than construction. The financial incentive favoring them is greater in resort communities. There is both a short version (p. 8-10) and a long version (p. 28-43) of the author’s conclusions and recommendations. A couple of minimums are that STRs should have a licensing requirement, and that they should pay fees and taxes. She points out the state’s imposition of the transient lodging tax (TLT) and that cities can impose it also. But many cities do not, and some that do haven’t told Airbnb and September 23, 2019, Work Session – Item 3