Airbnb Driving Up San Francisco Rents, Class Action Says

Law360, San Francisco (September 5, 2014, 4:24 PM EDT) -- Airbnb Inc. was hit in California court Wednesday with a proposed class action representing thousands of renters in San Francisco, claiming the room-finder website is driving up rents and making it tough for property owners to compete in the city's fierce rental market.

The lawsuit, filed by two long-term tenants of a San Francisco residential hotel, accuses Airbnb of flouting city laws that forbid the rental of residential units for “tourist or transient use.” Airbnb's site even mentions those laws but continues to offer rentals in...
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