Airbnb issues doomsday letter to Los Angeles ahead of World Cup: ‘Act now!’

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...