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by chralieboy
3922 days ago
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The 211 number was given as what Airbnb has found to be what it takes to break even on the cost of a unit. Prop F, and others like it, are not trying to destroy Airbnb but stop people from purchasing housing and using it exclusively for short term rentals. That statistic is meant to say that only 340 units were rented out enough to match what could have been made via a lease. So if people are snatching up property to use just for Airbnb, they either aren't doing it a lot or aren't actually making a sound economic decision in all but 340 cases. |
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However, the city's already limited units to 90 days, so the 211ers are already handled -- if the city (with AirBnB's cooperation) enforces the law, that is. So I don't this point isn't particularly relevant to Prop F. Your mileage may vary, of course!