Last November, the people of San Francisco voiced their support for the sharing economy — or at least their distaste for a particular type of regulation — by voting down Proposition F.
This proposition was ostensibly designed to address San Francisco’s well-documented rent crisis. However, it would have hobbled short-term rental companies such as Airbnb by limiting vacation rental days to 75 per year and strengthening the city’s enforcement power and penalty fees.
When faced with regulations that could potentially cripple its business in San Francisco, Airbnb did what it believed it needed to do: It went political. Governmental bodies are finally catching up with the sharing economy, and incumbent competitors are using their clout to make the law work in their favors.