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Breakdown of vacant homes. Of the 110,075 housing units in the Hilton Head Island-Bluffton area, here is the breakdown of the estimated 25,654 vacant homes:
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.
Bluegreen Corporation is an American private vacation ownership brand that is currently a wholly owned subsidiary of Hilton Grand Vacations.The company provides vacations at 50 owned or managed resorts on a time-share basis, with alternative resort and cruise options available through upselling and third-party exchanges. [3]
[citation needed] Thus landlords convert their properties into short-term rental units, and there are fewer long-term housing options available to permanent residents. Landlords also sometimes pressure and coerce people out of their homes, particularly if residents are of low-income. [6] In Australia, short-term rentals have contributed to the ...
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Mar. 3—Owners who convert won't have to pay county property taxes—combined with government-paid rental income ranging from $5, 000 a month for a one-bedroom unit to $11, 000 for a four-bedroom.
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