By Carolyn Said : sfgate – excerpt
Airbnb is making a new effort to play nice with San Francisco, despite a fractious relationship that has heated up in recent months with the vacation-rental company suing its hometown and lawmakers considering new restrictions on rentals in private homes.
The company said it is building into its website a way to automatically bar San Francisco hosts who control multiple listings, sometimes a sign of landlords running illegal hotels. Hosts with legitimate reasons for multiple listings, such as property-management companies, legal hotels or people with two or more rooms to rent in their homes, can request exceptions.
The feature will take effect Nov. 1, but Airbnb said it already has jettisoned hundreds of San Francisco listings since April, when it promised to crack down on illegal commercial operators… (more)
Don’t know what happened to make them change their minds about fighting the Board of Supervisors and the many pissed off voters of San Francisco who are fed up with corporate welfare and special deals, but, we are pleased to hear Airbnb has decided to cooperate and remove multiple listings from single operators from their listings.
SF supervisors propose 60-day cap on all Airbnb rentals
by Jeff Spross : theweek – excerpt
The rise of housing costs in America’s big cities has seemed unstoppable. Until now.
Last Thursday, Bloomberg reported that the median monthly rent in Manhattan stalled out, falling 1.2 percent in September to hit $3,396. “It was only the second year-over-year decline since February 2014,” the outlet continued, citing a new study from appraisal firm Miller Samuel, and the brokerage Douglas Elliman Real Estate.
That second decline happened in March of this year. It was followed by a peak of 2 percent growth in June, and then rents in the Big Apple slowed again before falling last month. Further signs that the housing market has shifted include the fact that landlords are offering renters more sweeteners, like a month or two free; meanwhile, only 17 percent of all housing sales in Manhattan involved a bidding war this year, down from 31 percent last year.
“The market does not appear to be resuming an upward pattern anytime soon,” Miller Samuel’s president told Bloomberg… (more)
By SETH FIEGERMAN : local10 – excerpt
Salesforce, the last of the big companies thought to be interested in buying Twitter, said Friday that it has backed out of bidding for the social network.
“In this case, we’ve walked away. It wasn’t the right fit for us,” Marc Benioff, CEO of Salesforce, told the Financial Times.
Chi Hea Cho, a spokeswoman for Salesforce, confirmed Benioff’s remarks, but declined to provide additional comment… (more)
Twitter got the famous tax break. How can they lose?