If There's Not Enough Homes, There's Not Enough Homes

Submitted by: lalapancakes 1 year ago in News & Politics

This is an old story being revisited about the failure of San Francisco’s Prop F measure in 2015 to require home sharing companies to adhere to some restrictions and pay taxes. I am fully aware of what side the publication ’48 Hills’ is on in the war of modern gentrification so I do recommend their posts with a grain of salt. I do find “The Truth Behind AirBnB Lies” to be too wordy and filled with a lot of bias but there are also fair points made. Points like corporations should not be able to spend whatever they want to squash public opinion. AirBnB spent $8 million to see Prop F’s failure through. I would’ve much more preferred to see the proponents and opponents debate it out in public with no financial advantage.

I also agree with the premise of San Francisco’s tenants rights activist concerns who believe short term property rental market is bad news for cities with negative housing stock. The profiteers definitely beg to differ but their counter argument amounts to conspiracy theory rhetoric, generally saying hotels are meeting behind closed doors to fight the "new business model." 48 Hills points out the anti-AirBnB housing share laws aren’t cooked up in some dark hotel meet up of angst because the very writers of 48 Hills are in those meetings to witness everyday people, your average rent payers on the front lines of the housing crisis.

In short - even though the proposal to encourage property regulations on the short term rental market failed, the reason these properties are an issue still stands…

“ Airbnb and VRBO alone account for roughly 4,500 entire homes and apartments removed from the San Francisco rental market. They’ve taken away 1,000 units more than the 3,500 new units San Francisco built in all of 2014.

In addition to Airbnb and VRBO, over 60 other companies offer short-term rentals to tourists, meaning SF may have lost up to 10,000 units to full-time tourist accommodation. That drives up rents. And it incentivizes evictions.”

There are 5 comments:
Male 186
There is only one solution to what is happening in SF. Ban new companies from setting up within the district and set a limit on the number of employees a company can have working in the area. That would directly cut into tax revenue though, so it wouldn't be a popular move. There are simply too many companies and too many workers living in too small an area. I simply don't understand why so many companies even WANT to be there other than "Image".
Male 639
Male 390
"AirBnB spent $8 million to see Prop F’s failure through. I would’ve much more preferred to see the proponents and opponents debate it out in public with no financial advantage." This is how american politics works. If you create a law which forbids lobbies and companies to finance political campaigns (a law which will never pass because all politics are corrupted by this "free money"), as it is in most European countries, then you can have more debate and less lobbying. But the SF/AirBnB case is no different than all the other issues USA discuss. Anyway, Happy fourth of July. Independence from England, not from the lobbies.