The Wall Street Journal's Alejandro Lazo reports on the upcoming Measure F, a ballot initiative that would limit short-term home rentals in San Francisco to 75 nights a year and allow the city to fine sites for listing apartments that aren't registered as short-term rentals.

The initiative will appear on the ballot in the November 3 municipal election and is backed by tenant-rights organizations and landlords. 

Proponents say the measure is needed because short-term rental sites such as Airbnb are taking housing units off the market in San Francisco at a time when the city is experiencing a shortage of affordable housing. Average asking rent in the city hit $2,828 a month for a studio apartment during the first nine months of the year, according to real estate data company RealFacts.

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