The proliferation of vacation rental properties has led to a reduction in the supply of long-term rentals in South Florida.

Property owners have found it more lucrative to convert their properties into vacation rentals, attracting tourists and visitors seeking accommodations for shorter durations since The potential for higher rental income is much more compared to traditional long-term rentals.

This shift has contributed to a decrease in available housing stock for permanent residents in South Florida. As properties are converted into vacation rentals, the local housing market faces a decline in the number of homes for purchase or long-term rent. This limited supply can result in increased competition and higher prices, negatively impacting housing affordability for residents.

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