3 ms·
Are they not going after airbnb to get their fees back? Airbnb seems to charge a fee of around 10-13% on bookings, putting their haul around $100k for the 11 mo
by ballenf 8y ago
Are they not going after airbnb to get their fees back? Airbnb seems to charge a fee of around 10-13% on bookings, putting their haul around $100k for the 11 months mentioned in the article. Maybe the settlement mentioned also included a financial component.
Not downplaying the landlord's unlawful acts, but they couldn't have easily operated at this scale without the help of a popular platform.
There's also a 14% occupancy tax only on rentals of less than 30 days, so SF has a financial disincentive against converting all these properties to long term rentals. (Edit: if airbnb is lowering the average short term rental price, then the picture is less clear. There are tourists who will go outside SF if there aren't any 'whole house' options there...)