Updated: Apr 14, 2020
The tourism industry that directly impacts Mission Beach, both positively and negatively, will recover slowly relative to the need for STRs to derive income. Currently, passenger traffic into Lindbergh Field is down to about fifteen percent of normal. Thge governor of California just announced that there will be no gatherings of crowds, for example for 4th of July, until there is a a vaccine or substantial control of the virus using drugs.
As a result, there is little chance that there will be a recovery sufficient to support more than just a few short term rentals in Mission Beach, therefore, the prudent approach for the vast majority of owner/investors of short term rentals is to go to long term rentals as soon as possible.
First and foremost, COVID-19 is a health emergency, but it has also created an economic one.
Join me tonight at 5:30 PM for a Facebook Live event with economic experts to find out the truth about the health of San Diego’s economy as a result of COVID-19.
Guest speakers will include SANDAG Economist Ray Major and Real Estate Economics Expert Alan Nevin.
This webcast will be broadcasted via Facebook Live and will be viewable on my City Council Facebook Page. Make sure you tune in at 5:30 PM.
If you have a question you would like to ask our experts or have questions on how to access the webinar, please email firstname.lastname@example.org. See you there!
Barbara Bry Candidate for Mayor of San Diego
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