Stay updated with breaking news from Host compliance. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bull and our own tesla bear ready to drop the gloves on where the stock is headed next. I had no idea he was bearish on tesla. Im melissa lee coming to you live from studio b at the nasdaq. We start off with Jerome Powells pivotal speech here at the new york economic club. The fed chair hinted hes ready to pause rate hikes for now, saying the committee is proceeding carefully. But at the same time, powell also kept the door open for a move in december and beyond. And he added that while recent inflation data has cooled, still too high. Stocks seem to mostly shrug off the chairmans comments, but they couldnt shake off the move in yields. The tenyear came within a hair, a whisper of 5 late in the day, and that triggered a slide into the close. The dow falling 250 points, while the s p and nasdaq dropped nearly 1 . Are investors turning away from the feds musings and mostly worried about yields, guy . Yields are driving everything. R ....
Enforcement efforts on the sros. We are going to be the eyes and ears often times for those type of listings and we want to work with dbi so we see the sros popping up, we show them to them and provide whatever we can. Sometimes we also see kind of the same players out there not just in terms of the sros but shortterm rental violations generally. And we can provide that sort of intel to them as well. Supervisor peskin i think its important there be one Central Place where all of this is tracked. Even if its not within your purview to enforce. To the extent that there is transparency between dbi and ostr, it would be important that ostr tracks that data. Certainly. One other item i wanted to touch upon this comes up as a question a lot. How do people rent out their units . So, people have the option of renting out what we call hosted rentals where theyre presented in unit. They can do that 365 days a year. They have the host present ....
Clerk, john carol, and i would like to acknowledge Jessie Lawrence who who ensure the meetings are available online. Please make sure to silence cell phones and electronic devices. Items acted upon will appear on the january 23rd, 2018 board of supervisors agenda. Can we call item one. Hearing on shortterm residential rentals registration and any need for a additional resources. I want to acknowledge and thank you supervisor peskin who is the sponsor. I will hand the hearing to you. Supervisor peskin thank you madame chair and colleagues. As you will both remember, in august of 2016, the board of supervisors unanimously passed an amendment to the previous shortterm rental law which held hosting platforms accountable for ensuring that hosts are properly registered and i want to acknowledge the chief sponsor of that legislation, our former college, supervisor david compos, who authored that legislation, which subsequently was subje ....
And other things that were going to have to do and deal with. But this is a great start. And i am just really concerned about the thing that i mentioned earlier, which of course is until theyre approved, i dont believe that they should be hosting. And then finally, this other issue around the honor system in terms of reporting. I think we need to get a handle on that too. Thank you for those comments and for the compliments too. On that note, i do feel very fortunate to work with the staff i do. They are really incredible and dedicated folks and take their job seriously. So, i thank you for that recognition. Supervisor peskin and just relative to Cost Recovery, the 2,100 plus or minus registered hosts, is that annual fee covering you and your staff . So, the amount of the fee that we assess covers only the cost of processing the application on average. So, it doesnt necessarily account for the enforcement costs. So, were going to s ....
Devices. Items acted upon will appear on the january 23rd, 2018 board of supervisors agenda. Can we call item one. Hearing on shortterm residential rentals registration and any need for a additional resources. I want to acknowledge and thank you supervisor peskin who is the sponsor. I will hand the hearing to you. Supervisor peskin thank you madame chair and colleagues. As you will both remember, in august of 2016, the board of supervisors unanimously passed an amendment to the previous shortterm rental law which held hosting platforms accountable for ensuring that hosts are properly registered and i want to acknowledge the chief sponsor of that legislation, our former college, supervisor david compos, who authored that legislation, which subsequently was subjected to a lawsuit that air bnb brought. I want to acknowledge the City Attorney and the City Attorneys office for settl ....