ACK-Now is a small group of people with special interests that are proposing severe rental restrictions on Nantucket property owners under the guise of supporting the Affordable House Movement. They want to reduce short-term rental days to 45 and 90 days for part-time and full-time residents, respectively; issue a 7 day minimum stay restriction on guests; limit cars to only one per household and 2 people per bedroom regardless of property size, layout and accommodation.
Many Nantucket property owners will not be able to afford their dream home without the rental support. Not only will a select group of people be determining how and when you use your home, they will be setting forth a series of consequences for the community to manage. Like where will the reduction in tax revenue be made up? How will the off season economy fair when it thrives on long weekend rentals? How will service providers capture lost sales from rental turn overs and maintenance?
The island will feel the impact of ACK- Now restrictions. Property values will decline. Average people will lose their ability to invest in our community. Legacy homes will be forced out of generational hands in the future. The island GDP will decline proportionately to the reduction in vacationers and the rest of the community will feel the secondary economic impact with less needed services and less disposable income circulating.
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