this post was submitted on 31 Jan 2024
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La times article about it (may be a pay wall) https://www.latimes.com/california/story/2024-01-23/palm-springs-capped-airbnb-rentals-now-some-home-prices-are-in-free-fall
This seems like a good thing. 1.5 million dollar homes aren't selling well? Maybe cheaper homes or apartments will have better mass appeal.