What the Airbnb settlement means

By Tim Redmond : 48hills – excerpt

Supervisors appear to be coming to terms with the need to keep people in their homes. Airbnb legislation is being followed by legislation to curtail illegal evictions by beefing up enforcement of the laws already in place. Photo by Zrants

I am going to let Doug Engmann, former chair of the Pacific Stock Exchange and president of the SF Planning Commission, make the point about the city attorney’s settlement today with Airbnb:

It’s a game changer. If other American cities follow San Francisco’s lead and hold Airbnb accountable for facilitating illegal activity, it could have a material impact on the company’s revenue and $30 billion valuation. Venture capitalists, private equity funds and institutional investors should be having second thoughts about an enterprise with a business model that ignores local laws, deprives working families of needed housing, and disrupts the lives of tenants, property owners and neighbors.

City Attorney Dennis Herrera announced yesterday that the tech giant had dropped its ill-conceived suit against the city. The city clearly had the upper hand: Cities can regulate land use; cities get to decide where hotels go and where residential areas go…(more)

Maybe it is the Donald that has removed a lot of the divisive politics from City Hall by reminding us what is important. Lately, the only disagreement is over the housing mix, density and height limits. Event the homeless are getting more sympathy these days. Airbnb settlement is just the tip of the nasty iceberg. Hopefully the Supervisors will continue to work together to solve the next round of nasty problems.