The Latest: San Francisco votes to cap short-term rentals

Markets Associated Press

The Latest on a vote by San Francisco's Board of Supervisors on whether to cap short-term rentals at 60 days a year (all times local):

Continue Reading Below

9:45 p.m.

San Francisco has approved a measure to cap Airbnb and other short-term rentals at 60 days a year.

Tuesday's vote by the Board of Supervisors was an initial one. The proposed ordinance, which would apply to hosts who register their homes with the city on or after Tuesday, requires a second vote.

The ordinance would not affect the roughly 1,700 hosts who have already registered. Those hosts may continue to rent out entire homes for up to 90 days a year, and they can share their homes as much as they want if they stay on site.

There are thousands more hosts who have not registered and are not regulated.

Continue Reading Below

Foes of San Francisco-based Airbnb say the online platform encourages landlords to take units off the market.

Hosts say they need the extra income to survive.

___

12:25 p.m.

San Francisco supervisors are scheduled to vote Tuesday to cap Airbnb and other short-term rentals at 60 days a year.

The proposed ordinance would apply to hosts who register their homes with the city on or after Tuesday.

The ordinance would not affect the roughly 1,700 hosts who have already registered. Those hosts may continue to rent out entire homes for up to 90 days a year, and they can share their homes as much as they want if they stay on site.

There are thousands more hosts who have not registered and are not regulated.

Foes of San Francisco-based Airbnb say the online platform encourages landlords to take units off the market, exacerbating the city's housing shortage.

Hosts say they need the extra income to survive.