From Tech Crunch, October 3, 2014
A broad group of protesters representing various San Francisco housing interests met on the steps of City Hall today to express their opposition of proposed legislation that would allow residents to rent out their homes on a short-term basis.
The proposal, which is sometimes called the “Airbnb law” due to the company’s platform for renting out homes on a short-term basis, would give residents a 90 day cap on rentals when no host is present. The coalition believes this proposal would only serve to legitimize a platform they believe would make housing even more scarce and further drive up costs.
An SF Chronicle study earlier this year found property owners had turned two-thirds of the nearly 5000 homes listed on Airbnb into year round hotels rather than offering them to permanent residents.