Second paragraph here – Greed they call it.
To thwart homeowners from renting out their houses for short periods of time and consequently taking them off the market for long-term renters, the Monterey City Council is continuing its beefed-up enforcement of its short-term rental ban.
The short-term rental industry in Monterey sprung from owners of second or third homes renting out the houses for vacationers and others for a price they could never charge long-term renters.