New restrictions on short-term (Airbnb, etc.) rentals in L.A., damn it

Have you been considering building a guest house on your property and renting it out for short term rentals? Or do you have an extra bedroom that you've thought about using as an Airbnb-type rental? Or, are you planning to buy a condo for short-term rentals? Well, Los Angeles is putting some restrictions in place this July.  The link is below.  The main restrictions are:
- You can only rent out your primary residence;
- It has to be registered with the city; and
- It cannot be rented out on a short-term basis for more than 120 days a year.

https://planning.lacity.org/ordinances/docs/HomeSharing/adopted/FAQ.pdf

Yup, this makes short-term rentals much less attractive.  On the good side, this will probably cut down on noisy party houses that have been driving neighbors nuts.