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Mayor Makes Big Decision On Future Of Airbnb

Airbnb just got a big win! Grace Baldridge and Brett Erlich discuss a recent veto from the mayor of San Francisco that helps Airbnb on The Young Turks. Tell us what you think in the comment section below. http://www.tytnetwork.com/go

Read more here: http://www.huffingtonpost.com/entry/san-francisco-airbnb-regulations_us_584af753e4b04c8e2bafabbc

“San Francisco Mayor Ed Lee (D) vetoed a bill Thursday that would have restricted short-term rentals in the city to 60 days a year, notching another win for Airbnb and other home-sharing companies.

The bill, introduced by San Francisco city supervisor London Breed and approved by the board of supervisors in a 7-3 vote last month, would have significantly reduced the number of nights residents can rent out units for short-term use per year. Under existing law, residents can rent short-term units an unlimited number of nights if they plan to live in the home during the rental period. Unhosted rentals, meanwhile, are capped at 90 days a year.

Breed’s bill would have capped all short-term rentals at 60 days annually. If passed, the regulations would have been among the toughest in the country.

In a veto message, Lee expressed concern over the lack of distinction in the bill between hosted and unhosted units.”

Hosts: Brett Erlich and Grace Baldridge
Cast: Brett Erlich and Grace Baldridge

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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)

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