Posted on 03/16/2026 4:09:20 AM PDT by Libloather
Airbnb has issued a doomsday letter to Los Angeles ahead of the 2026 FIFA World Cup as prices skyrocket and renters are frustrated by red tape.
The short-term renting giant demanded the city end rules restricting second homeowners in the region from letting them out as vacation homes during the tournament.
The move, the note claims, would lead to an explosion in properties available for visitors and add over $100 million in taxes to the local government.
Prices have gone nuclear across Los Angeles and San Francisco, the two World Cup tournament locations in California.
A Deloitte study found in the City of Angels a host can make up to $5,100 for the week, with dozens across the city currently listed in the thousands.
The letter sent to LA City Council, exclusively obtained by the California Post, was backed by a coalition of businesses including Airbnb and called for the Vacation Rental Revenue Plan to be actioned.
Supporters say it will unleash thousands of new rooms across the city during the World Cup, as well as bring $110 million a year in cash.
They urged lawmakers to move quickly on the proposal because they say it risks blowing a major economic opportunity if it does not go ahead.
(Excerpt) Read more at nypost.com ...
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Anyone who does anything in the Karen Bass Los Angeles gets what they deserve.
LA and the world cup will make the Atlanta Olympics fiasco (if you were here like us, you’d know) look like genius.
That sounds great for the owners. I would certainly like to have someone offer me a year's pay to rent my house for a week. (We have friends who would let us camp in their yard ;).
So what's the problem?
I experienced the opposite - The Ted Turner Games in Seattle in 1990 that were canceled. Worst summer season ever, because so many reservations were cancelled after the games didn’t happen. Easy to get into restaurants, though,,,,,
My parents have been part of the AAU for decades....gets free or nearly free Olympic tickets, esp. Equestrian sports and shooting sprots. Anyways, this will be the first Olympics that someone in our family will not attend since 1980. My first one was in LA in 1984.
If LA can’t figure out how to handle their bums, put out fires or rebuild a subdivision of 100’s of homes, how will it find and prosecute a few thousand homeowners renting out their extra rooms under the table?
$5100 for a week? That is not a bad price if the property is a quality one.
Sundance brings double that in Park City. During ski season $1K/night for higher end hotel rooms is a low number.
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