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Tribune News Service
Tribune News Service
Business
Amber Randall

The short-term rental market took off during the pandemic’s real estate boom, but at what cost?

Needing places to either work from temporarily or vacation as they escaped pandemic restrictions, COVID fleers made South Florida one of their top destinations.

And with them came an increased need for short-term housing, or vacation rentals.

“It appears mostly in the Sunbelt states, particularly in Florida, in South Carolina, where we have beachfronts and parts of Texas,” Ken H. Johnson, real estate economist at Florida Atlantic University. “If you were going to work from home and you were in the north or in the Midwest, and you wanted to get away from home or even work for a short while, you could do it from West Palm Beach or Miami.”

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