Changes to Airbnb in San Diego
San Diego City Council votes to limit Airbnb rentals to primary residences only.
I'm torn on this one.
The economic and investment side of it from a professional stand point is frustrating. Investors can get great returns on these properties. It brings outside tourists in and contributes on that front of the local economy.
A local side of it is that a lot of units and properties are being taken off the market from long term residents.
My wife and I used to rent out a room of our house on Airbnb when we lived in NY. New York state instituted a similar law. No short term rentals under 30 days unless it was your primary residence. We were still able to continue renting it out until we moved to SD. People doing this similar thing in San Diego won't have to stop but it sounds like there will be for fees and permits they have to apply for.
Thoughts on this very recent change?