San Francisco Reaches Settlement with Airbnb on Short-Term Rental Rules

51 min
at 9:00 AM
A protester with the San Francisco Tenant Union hangs a sign on a the exterior of a building during a demonstration outside of an apartment building that allegedly evicted all of the tenants to convert the units to AirBnb rentals on July 29, 2014 in San Francisco, California. (Photo: Justin Sullivan/Getty Images)

The online home-sharing companies Airbnb and HomeAway reached a settlement with San Francisco Monday, ending their legal challenge to the city's short term rental rules. Under the settlement, which City Attorney Dennis Herrera called "game-changing," hosts seeking to list a unit on the sites need to register with the city, and the companies must remove any listings by hosts lacking a valid registration. We discuss how the deal may affect hosts, renters and the region's housing shortage.

Guests:

Dennis Herrera, city attorney, City and County of San Francisco

Leigh Gallagher, assistant managing editor, Fortune; author, "The Airbnb Story: How Three Ordinary Guys Disrupted an Industry, Made Billions . . . and Created Plenty of Controversy"

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