What Airbnb's Bay Area win means for L.A.

What Airbnb's Bay Area win means for L.A.

With sky-high housing costs and widespread resentment toward tech-industry-fueled gentrification, San Francisco would seem like fertile ground for a ballot initiative to throttle a local tech upstart accused of worsening the housing shortage: Airbnb, the online service that enables people to offer their dwellings for short-term rentals. On Tuesday, however, city voters soundly rejected such a proposal, leaving in place the more modest rules that county supervisors previously adopted. L.A. officials, who are considering their own ordinance to regulate short-term rentals, should take note of the line those voters have drawn.

The latest tech boom has caused a surge in San Francisco's...