San Francisco voters handed a victory Tuesday to Airbnb and city residents who want to turn their homes into vacation rentals. Proposition F, a measure that would have drastically curbed short-term rentals, lost by 55 percent to 45 percent, with all precincts reporting and most mail ballots counted.
In San Francisco there are numerous plans to put this on the ballot again next year. And one of the newly elected city district representatives is making it a priority to regulate AirBnB and similar businesses.
AirBnB spent at least $9 million on the election, effectively spending more than $100 per vote cast in their favor, and this was 25 times more than the AirBnB opposition.
I fully support AirBnB in concept, but like all businesses, they need to be regulated, especially in big cities.
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