I suspect Morris knows the story and is counting on the same outcome from their beach house in Portugal.I wouldn't expect government intervention to help on this one.  

@James Carlson You probably already know my thoughts on STRs vis a vis 'affordable housing' :-)But this is going to play out as it will, and ultimately even Gov't intervention/restriction will fall to the power of the free market, so we'll see how it goes.I wish the property owners and entrepreneurs well, although some of them will learn that 'elections have consequences' as 44 so famously said.

Not so much ;)So now investors are feeling the weight of dog properties…be it higher interest rates, non paying tenants, property values falling, government intervention (especially in CA), etc.

I for one, am trying to prevent further government intervention.  

Also with the CC snowballing, I won't be able to make it two years without some other sort of intervention. 

Thus, Government intervention was required. 

There are other towns with much less city intervention and will have much higher chances of collecting higher rents. 

The above two mentioned government interventions in the market killed those type loans.  

Trying to manage a manager seems at times futile or the end result is the same - regardless of any kind of intervention.    

If they were that easy to predict #1 they wouldn't happen (interventions would prevent them) and #2 there'd be a LOT more rich people as billions would be available for those that could market time.