Effect of Technology
The rapid development of the Internet and technologies such as telephony and personal digital assistants that allow people to work from home since circa 1995 has blurred the division between vacation property and a primary residence. Some business people, including the British entrepreneur Richard Branson, use their luxury real estate for both business and leisure purposes.
Many internet services have developed to connect short term rental customers with owners or brokers of vacation properties.
Read more about this topic: Vacation Property
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