> Here's how effective San Diego's short-term vacation rental ordinance has been
Here's how effective San Diego's short-term vacation rental ordinance has been
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Description
We are one year into a San Diego city ordinance that aimed to crack down on short-term vacation rentals like Airbnb's.
Some say requiring a $1,000 license has helped, but others say there are loopholes.
San Diego City Council members just took public comment at the Thursday meeting. They're still working to find the best solution for short-term rentals. For some, it's a great way to make extra money. Others say the constant flow of new people is not good for their neighborhood.
"The current policy is badly broken and in need of repair," one speaker said at the meeting.
"There's been parties, loud shouting," someone else said. "It's great it's bringing revenue to the city, but it's taking 6,000 homes off the market. It's hurt our community. It's driven up rents."
"Investors came in and bought all of the houses that San Diegans should be buying. Renting it for $6,000 a month, versus $12,000," Jay Goldberg said, who started the website niceneighbors.org.
FULL STORY: https://www.cbs8.com/article/news/local/san-diegos-short-term-vacation-rental-ordinance/509-7b4f651f-cb59-4e84-ad74-05abd7df2900