SAN FRANCISCO (AP) - City analysts say short-term rentals via Airbnb are cutting into San Francisco’s long-term rental housing market.
The San Francisco Budget and Legislative Analyst’s Office reports that up to 1,960 units citywide are off the long-term rental market because they are listed with Airbnb.
Critics of the San Francisco company say short-term rentals add to the city’s housing shortage. Landlords may choose to make more money through Airbnb rather than offer tenants long-term leases. Some Airbnb hosts say additional income from the occasional short-term renter allows them to make ends meet.
City analysts estimate there were 6,100 rental listings with Airbnb in December.
Popular areas for short-term rentals are in the Castro and Haight-Ashbury neighborhoods.
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