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What you should know about Airbnbs and short-term rentals

Brian Chesky and Joe Gebbia founded Airbnb in 2007, and it has since grown to become a major player in the hospitality industry, worth more than Hilton and Wyndham combined. However, due to its rapid growth, various municipalities have imposed restrictions on short-term rentals in areas with a large Airbnb presence, including San Francisco, Carmel, Santa Monica, Mammoth Lakes and San Diego.

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