San Diego short term rentals

[Ian Kisbert]

If I'm understanding this right, the new ordinance going into place July of 2022 will be reducing the amount of STR in San Diego from almost 15,000 down to 5,400 and an individual is only allowed one permit per tier each… it seems like there hasn't been much pushback from investors. Is there a way around this that people are seeing, or is this a huge roadblock that will wipe out a lot of the STR investors in San Diego?