May 14, 2015 SFTU

Airbnb Removes Affordable Housing

Tell San Francisco Supervisors Malia Cohen and Scott Wiener that the Airbnb legislation needs enforcement with suggested talking points. Also let your State Assemblyman know you oppose proposed legislation to let Airbnb off the hook for taxes by signing a petition.

Short-term rentals are very risky for the tenant host and reduces vacant rental housing stock by as much as 43 percent. The report released by San Francisco Budget Analyst Harvey Rose makes a distinction between commercial hosts who book in excess of 58 days and casual hosts.

Airbnb had been operating illegally by not paying taxes and enriches investor Ron Conway who funds legislation and politicians against tenants. After pressure by politicians allied with Airbnb such as (Mayor Lee, London Breed, Malia Cohen, Mark Farrell, and Scott Wiener) since the back taxes was a potential political problem, Airbnb has finally paid tens of millions of dollars in back taxes including penalties. Some insurance companies are refusing to insure buildings with these short-term rentals due to the high turnover of occupants that are not well vetted, after finding out through litigation against the landlord about their illegal rentals.

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