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Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
Sunset Key is a 27-acre (11-hectare) residential neighborhood and resort island in the city of Key West, Florida. It is located about 500 yards (460 m) off the coast of the island of Key West. The island is privately held among its residents. The island is accessible only by a shuttle boat that runs from the Margaritaville Marina out to the island.
Just offshore of the Florida Keys along the edge of the Florida Straits is the Florida Reef (also known as the Florida Reef Tract), separated from the keys by the Hawk Channel. The Florida Reef extends 170 miles (270 km) from Fowey Rocks just east of Soldier Key to just south of the Marquesas Keys.
The term "timeshare" was coined in the United Kingdom in the early 1960s, expanding on a vacation system that became popular after World War II. [1] Vacation home sharing, also known as holiday home sharing, involved four European families that would purchase a vacation cottage jointly, each having exclusive use of the property for one of the four seasons.
Satellite image of Duck Key and Toms Harbor Keys. Duck Key is a census-designated place and unincorporated community in Monroe County, Florida, United States, on an island of the same name in the middle Florida Keys. The CDP also includes the neighboring island of Conch Key. As of the 2020 census, the CDP had a population of 727, [2] up from ...
A resort town, resort city or resort destination is an urban area where tourism or vacationing is the primary component of the local culture and economy. A typical resort town has one or more actual resorts in the surrounding area. Sometimes the term resort town is used simply for a locale popular among tourists. One task force in British ...
The proliferation of short-term rentals can affect those in the area who are looking for long-term rentals. [5] Through short-term rental, landlords can make upwards of 30% more than they would on a rent controlled property. [citation needed] Thus landlords convert their properties into short-term rental units
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