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Sonder Holdings Inc. manages short-term rentals, such as apartment hotels, in North America, Europe, and Dubai. [2] [3] It was founded in Montreal, Canada in 2014 and since 2016 has been based in San Francisco, California. [4] [5] Sonder manages over 9,000 units in over 40 cities in 10 countries and has served over 1 million guests. [6]
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
Compass Family Services, known until 1995 as Travelers Aid San Francisco, was established in 1914 to provide assistance to newcomers to the city, particularly young women and girls drawn by the Panama-Pacific International Exposition in 1915. [3]
AirDNA researchers estimate that short-term rentals were responsible for only 1% to 4% of the increase in housing prices in recent years. Putting more STRs back onto the market won’t move the ...
A 1980 city ordinance prohibits SRO landlords from renting SRO units to tourists for short term stays (which will result in a fine unless the landlord creates a replacement SRO unit). [38] Jerry Threet, San Francisco' deputy city attorney, says that SROs are "often the last barrier between SF’s poorest population and the streets". [38]
Both short-term and long-term rental owners are required to obtain a business license, but those renting residential property to the same person for less than 90 days must pay 10% state and local ...
San Francisco-based technology companies such as Airbnb are actively involved in city politics to advance their interests in the city. In response to Airbnb's impact on the housing market in San Francisco, housing activists have called for restrictions on the company's listing practices to limit the number of short-term rentals in the city.
In particular, low-cost housing is in short supply. But, Berg notes, when “there are affordability issues throughout the range of the housing market,” it affects Americans at all income levels.
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