Upcoming Housing Legislation: How Will You Vote?

Councilmember Sean Elo Rivera’s proposal is estimated to raise $135 million a year by targeting properties not used as primary residences or long term rentals. The goal is to push more homes back into the long term market and free up inventory for locals.

For current homeowners, this is something to watch. If your property is a second home or used occasionally as a short term rental, the potential tax could be significant—reports suggest as much as $5,000 per bedroom annually.

For buyers, this could create opportunity. If the measure moves forward, we might see more second homes and vacation rentals come back to market, adding much needed inventory. For investors, this changes the calculus on short term rental properties.

Whether you agree with the proposal or not, it reflects a growing shift in how cities view housing. Here in San Diego, that shift could reshape the market in the years ahead.