Identifying id like to see this law enforceable and protect our Affordable Housing in San Francisco and makes sure it styles to encourage those who use their shortterm rentals to scomplie with the law in the city of San Francisco. Thank you very much okay. Okay members of the public remember you have two minutes please line up on this side of the chamber im going to call names and when you hear your name, please get in line for your cue calling names lets go people get in line one person is not here okay scott i know youre here gone okay. calling names robert please Jim Lazarus Karen i can bring rudolph inform with you and nancy thank you members i appreciate the opportunity to be here robert with the intersect association again excuse me. We appreciate the complexity of that issue but we do have some comments we want to make above the Internet Committee generally our association that made up of the country largest internet he companies he and with the legislation youre now considering
Unit this is only because craigslist didnt talk about the difference between studios there are more 2 bedroom units that fit our purpose, and, secondly this is an important part of the debate we only look at the vacant unit not comparing to the rent you got on get on the private list on craigslist if you are looking for a fulltime rental this is complicated because it is noted simply an either or indecision decision that you have a rental youll rent it out fulltime or short term but if you have a Spare Bedroom you may want the space the consensus says over 20 percent of the space in San Francisco it has more are a vacant space at least one vacant bedroom and whats interesting for our trend is that despite the growth in rent in existence 2010 and despite it increased since 2010 that percentage has not moved that percentage people preference to have vacant bedrooms in their house didnt seem to particularly incentive to what we do on a should recall playroom or looking for a roommate so f
Control the trade off that a possessor and owner of a handing out i have a vacant unit do you want to rent it out to do a vacant on the shortterm rental market those are the two best indicators of our income of doing we took those and made assumptions about the income with the assumption that an owner of a united or a tenant in the unit for that matter takes the option that provides the highest income during the year this is the slide that provides the relative of this analyze it shows for the neighborhood ive shown we estimate their annual income renting out a 2 bedroom apartment in those neighborhoods and their average income with airbnb prices for two bedrooms in that neighborhood and finally, the number of days theyll are so operate as a result shortterm rental to get to this break even period this is the first column divided by the second column the number of days to get to an vvnt equal income if the cap is blow and its enforced effectively no incentive for someone to take the ho
Highest income during the year this is the slide that provides the relative of this analyze it shows for the neighborhood ive shown we estimate their annual income renting out a 2 bedroom apartment in those neighborhoods and their average income with airbnb prices for two bedrooms in that neighborhood and finally, the number of days theyll are so operate as a result shortterm rental to get to this break even period this is the first column divided by the second column the number of days to get to an vvnt equal income if the cap is blow and its enforced effectively no incentive for someone to take the housing off the marketed and pursue it as a shortterm rental for a number of days below that path numbers vary by hundred and 23 days of shortterm rental in refraining up to a maximize of hundred and 20 days in the inner sunset to break even i think a couple of points first of all, if you have a vacant unit and have a contention to treat is it as a fulltime shortterm rental treat is it as
This will be used not only for flushing toilets in our building but watering ybdz and the street trees around the site and providing water for the cleaning of trucks for this neighborhood. We take very, very seriously the architecture of that building its important to our civic realm and weve taken pains sorry about that this stressed proportion but to make that a building of upper engagement and looking at from third street roughly from the corner of third and slightly above Howard Street theres a vertical light you see in the details. Through this way we call a light cloud the cornice the drastic cornice line that stretches from Howard Street and capping it. Under this is a series of small living rooms to create intimacy and opening on the west corner between the light bridge and the new park bridge a place of urban activity weve opened this up to reveal the comments and raised the wide part to favor pedestrians with a stoplight at the bridge to make this an unconfirmed north and set