In my opinion, this should be left to the owners of the specific building and not a city wide restriction. I own a property in Florida and the HOA restricts rentals less than a month. It isn't necessary for the municipality to get involved.
My point is the Fed is significantly screwing around with the debt market which hurting anyone that invests in low risk loans (Treasuries, savings accounts, CDs, etc.). This doesn't have to be the case. Sure you might be "smart" and figure out how to get a 6% return, but reward for that 6% vs the risk is also lowered by fed activity.
Investing in large cap dividend stocks is not a "risk free" investment. Not that treasuries are either, but there is a built in assumption that the treasury will not default. If I adjusted the returns for taxes the situation would look much worse.
I wish more people understood these issues with this clarity. Fed policy has had negative consequences for savers at the benefit of borrowers.
I wrote a simple app which compares 12 month CPI to current Treasury yields. What is scary is in the past year CPI (which many claim underestimates true inflation) at times has been higher than the returns on 30 year Treasuries. This is a rare event, and is the result of the FED buying Treasuries on the long end of the curve to artificially depress interest rates. Typically investors wouldn't tolerate such a low rate of return on their investments. Historical bond yields vs CPI can be viewed here: http://yield.io/