San Diego Housing Market News and Analysis
Still annoyed at AirBNB ban
User Forum Topic
Submitted by gzz on July 25, 2018 - 8:23pm
Bad for tourism
What exactly is going to happen to Mission Beach? The law literally says no short term vacation rentals other than a granny flat of your primary residence + the primary residence for only part of the year.
From what I can tell, 80% of MB is either year round short term rentals or summer short term + 9 month student rentals. Close to none qualify for single exception. Are we going to just dump all of them onto only the long-term rental market?
If this law ever is actually enforced, you could see mid-development projects there fail, short-sales and defaults all over the place. Because prices would really have to fall a lot there to make the area competitive as owner-occupied housing.
Meanwhile the businesses on Mission Blvd would lose most of their customers.
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