City Of Angels Ready To Tighten Up On Airbnb Regs

Los Angeles and Airbnb have been battling it out for years over ways to regulate and benefit from home sharing. Some people argue Airbnb disrupts neighborhoods and inflames the housing crisis, while supporters say it's a way for struggling residents to earn extra income and promotes tourism to the city. Now, a new draft ordinance would legalize short-term rentals in Los Angeles, but place significant restrictions on hosts.