New study finds vacation rentals spur long-term housing construction

A previous 2019 study by two of the authors (Cal State-Northridge economics professor Edward Kung and University of Southern California marketing professor Davide Proserpio) looked at a bad side. The 2019 study, discussed in the new Harvard Review article, found vacation rental homes can, in the short-term, drive up both rental and housing prices and reduce affordable housing in a community, by taking stock out of the traditional market to make it available only for vacationers.

https://floridapolitics.com/archives/474453-new-study-finds-vacation-rentals-spur-long-term-housing-construction/

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