Airbnb Vs San Francisco City

Listing your property on a website means that it will be managed by a property management company, commonly referred to as a rental by owner. The property management company, in this case Airbnb or Vrbo, will charge a commission, usually 10 to 50% of the rental income.

-The state government would impact my business’s profit because we have to pay taxes for what we sell.

are afraid to build any new buildings if in a few years those too will be taken

It causes displacement amongst the poor residences many of them can not afford to pay the high housing cost and rent increases.

If Uber were to transition to working in Oakland 2000 or 3000 of its employees would be transferred to the office building, causing roughly the same amount of people to be looking for housing in the area. Thus, with the competition for housing there will be an increase in property values, However Uber reshaped their plan so that only a few hundred of their employees would be transferred. With their new plan, they would “rent out some of the 380,000 square feet of premium office space [and] will make room for other businesses and nonprofits grappling with the tightening commercial real estate market” (Document D). The amount of rent these small businesses will have to pay is unknown, although the idea is that Uber will help out the smaller businesses is to combat the already high prices in the area. Therefore, the idea of rising rents throughout these periods in the Bay Area remains the same, but dealing with the problem is

One of the causes of homelessness in Baltimore City is lack of affordable housing, this includes subsidized housing from the state. Lack of affordable housing in Baltimore City is due to an increase luxury housing and Baltimore’s decrease desire for rental housing (Mayor’s Office of Human Services, 2013). Available housing is not proportional to the wages of people living in Baltimore City. Nearly half of renters in Baltimore spend 35% of their income or more on their rent. The waiting list for Baltimore City opened in 2014 and 74,000 households applied for 25,000 available slots for up to six years to own a voucher (“Homelessness in Baltimore,” 2017). For the extremely poor population there are only 42 available homes for over 100 people who identify with the population (Public Justice Center, 2015). Therefore, Baltimore needs to make affordable housing for their population or there should be an increase in jobs and wages. However, the private sector is not interested in developing houses for the low-income population because it is not profitable compared to selling a building to a company to make luxury housing (Richman, 2015).

What if a tax increase came to a city because of a sports team, would it be alright? Of course not, right? Well, consider being told as a tax payer and being told it will help the economy of city to build a stadium. However, a tax increase is never highly looked upon, and large companies sell extraordinary economic growth, and cannot produce the promise.

Some people say state taxes are already super high and other projects in the city aren’t even being addressed with the money already being given.

The Lack of Affordable Housing in California Lowers the Quality of Life for its Residents

3. Make It Easier to Reject Renters: When a renter sends a request to a host to use their

UBER and Airbnb are less effective at lobbying than the incumbent taxi companies and hotel companies primarily because they lack both economic and political power. They are relatively new to the market as they are the new form of business called sharing economy. Hence, they do not have strong affiliation with politicians through long history of networking nor they have strong economic power to pursue their interest as an interest group. That being said with the company itself, natural supporters of such company are also deemed less powerful than the incumbents. Moreover, unlike the incumbents, these supporters’ living is not directly related to those firms. In other words, their main source of income is not from UBER or Airbnb because like

Affordable housing has become the paramount issue of cities and dense urban areas. San Francisco is the posterchild of an unaffordable city that regardless of immense investment from blue chip firms like Google, Facebook, and their ilk of startups evaluated at $1 billion or more, policymakers and elected officials must wrestle with the housing affordability crisis that is considered endogenous to swaths of homelessness and record statistics on crime. In New York City, Mayor Bill de Blasio has made affordable housing the centerpiece of his legislation and championed the cause as a social justice issue—neighborhoods must remain affordable to maintain diversity for all races, ethnicities, and low-income families. A small sample of 827 New Yorkers by the NY1-Baruch College City Poll found the main concern of respondents was affordable housing while crime, jobs, and homelessness were peripheral problems (Cuza, 2016). The public discourse on how to address housing across the United States has pointed to negative externalities that surround rent-regulation and homeownership. Conversely, for this essay I will present various cases in order to illustrate the housing crunch is influenced less by housing and land regulations, or antagonistic homeowners but is induced by global market forces.

In short, lack of motivation in exchange for more red tape causes investors and landlords to move towards more profitable options. This movement of money and resources tends to negatively impact people trying to find a place to live, most notably the poor. The National Multi Housing Council (NMHC) states that prospective customers must pay finder fees to find a rental property due to a presumably growing scarcity of available housing. As if this were not bad enough, in some communities rental properties are handed down to friends and family, so they never quite leave the market. In order to obtain housing, new consumers are forced to pay “key money” and other fees. These costs tend to impact young, single, and poor families the most.

Due to high rent, many homeless people are incapable of renting a place to stay. I know this because in an article from the LA Times, the text says, “People are trying to lower rent costs so the homeless people have the ability to rent themselves a house”(Grad 1). This would be a very effective solution for one big reason. Most of the homeless people have low paying jobs, but would still be able to rent, but by the time that they get enough money to rent, the prices just went up again. This is something that isn’t just affecting people in Los Angeles, but all over the world, therefore, this would be a solution that could positively affect many places.

The problems that arise from housing are numerous. Housing takes up more than half of all real property tax. Not only that, it’s also the largest issue in a family’s budget. The federal government spent $38 billion in preferential subsidies and $2 trillion on housing in total in the year 2006. Rigid zoning codes prohibit certain types of housing from being built. This prevents some citizens from being provided with homes that fit their budget and ads to the chronic problem of homelessness our communities face. Too many houses can crowd neighborhoods and make transit difficult. They can also obstruct view and, when foreclosed upon, lead to plummeting property values.