27 Mar '12, 8pm

Is San Francisco Trying to Kill AirBnb With a 15% Tax?: A proposed 15% tax on transient occupancy is being consi...

There’s another negative side effect of airbnb and similar sites going on in San Francisco; they have been proven to not only hurt local hotels but also have contributed to the severe lack of affordable rental housing. Landlords have figured out they can get a higher premium renting their properties out by the weekend or week on airbnb or other vacation rental sites than they can via traditional means. This has contributed to drive up the already pricey rental market prices as people are paying closer to vacation rental rates. I recently looking at a condo rental and was shocked at the price being almost twice my current space per square foot, only a block away, when asked about the price the owner who wasn’t a land lord said he did the math and decided to simply rent it out on airbnb instead of renting it to a consistant tenant. I hope in part that the tax will help balan...

Full article: http://www.triplepundit.com/2012/03/san-francisco-airbnb-ta/

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