Real Estate/Development
Apr. 25, 2014
'Sharing economy' is really just free market
San Francisco is considering legislation that will allow this "new sharing economy" to co-exist alongside a 35-year-old rent control system.
Edward C. Singer Jr.
Law Offices of Edward C. Singer Jr.
340 Lorton Ave.
Burlingame , CA 94010
Email: ed@edsinger.net
Airbnb claims to be part of a new sharing economy. The San Francisco board of supervisors is considering legislation that will allow this "new sharing economy" to co-exist alongside a 35-year-old rent control system. But Airbnb's business is neither sharing nor new.
There is no sharing in an Airbnb transaction. Tenants charge tourists for the short-term use of the tenants' apartments and Airbnb gets a cut. The Airbnb transaction is unregulated free market economics at its best.
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In
Enewsletter Sign-up
By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy
here.