“Both of these take away units that could be rented to the public, and it’s the shortage of available units that drives rental rates higher,” said Ken Johnson, an economist in Florida Atlantic University’s College of Business in a press release. “While developers and local governments clearly need to build more units, that’s not the only solution to this problem.”
January 09, 2023 at 03:39 PM
3 minute read
Florida Bureau Chief
Florida’s rental crisis is not getting any better with a lot of short-term vacation rentals and HOA restrictions that prevent homeowners from renting their units.
That’s according to Florida Atlantic University researcher Ken Johnson, an economist in FAU’s College of Business who believes short-term rentals, such as the ones listed on Airbnb, are keeping units out of an already scarce housing stock.
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