Apologies for late notice, but we just received this
When: Tuesday, August 25, 2015. Meeting begins at 2:30pm
Where: City Hall, Hearing Room 350
200 North Spring Street
Los Angeles, CA 90012
Correction to my first reply (typos as usual!) – should read, “…so they can pocket net…”.
Curbed LA just ran a similar story with more stats for Venice: 11 units per days are being taken off the market, and there are 7 times as many short term rentals as new housing units. On the bright side, guess we don’t need more hotels; if you’re renting, bad news.
Kudos to the wonderful Silver Strand as living voice of harmony. Off-topic, the Jackson and Avalon Garland never cease to impress. At their tender age, they are community leaders in their own right. I’m sure their spirit and community ethics will carry into adulthood. Their parents have also taught them well.
This is a start, but it falls short of addressing the practice, particularly in the Marina, of “leaving” their residence, which they then rent out, while they simply rent something else less costly nearby, so they an hefty net profit on the process.
This subject has bothered me since the SSN posted its prevalence in what I perceive as one of the most cohesive, friendly MdR communities. The outcomes could only be what was described, and what has occurred in other neighborhoods (SM, et al.). Bringing discord into such a wonderful area and forcing homeowners to further divert their attention from the bigger issues facing MdR is shameful. I do hope they they aren’t critical of the over-zealous developers who are defacing this once wonderful snippet of Los Angeles. SHAME, SHAME on them. And that’s my opinion.
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