SAN FRANCISCO (KGO) -- As people in the Bay Area struggle with the housing crisis, San Francisco's Planning Department is warning of an emerging trend.
Hotel operators and leasing start-ups are grabbing apartment units and leasing them out as short-term "corporate rentals."
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According to The San Francisco Examiner, the practice is legal.
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The units are advertised for limited stays of 30 days or more, and they are not subject to city's short term rental regulations.
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But it takes much needed housing off the rental market.
Operators say stays are on average, six months to a year long.