get the word out to ATTEND AND VOTE AT SPECIAL TOWM MEETING
LET'S SETTLE THIS
Evaluating Nantucket’s Failure to Pass STR Regulations
Evaluating Nantucket’s Failure to Pass STR Regulations
At the 2024 STM, we have ANOTHER chance to finally resolve the debate about short-term rentals. Let's use common
sense and vote to keep allowing people to rent out their homes, a tradition that has been part of
Nantucket for a very long time.
Back in 1955, Nantucket established the Historic District Commission to “promote the general welfare ... through the preservation and protection of historic buildings, places... and through the benefits resulting to the economy of Nantucket in developing and maintaining its vacation-travel industry...” Short-term rentals have been around for more than a century and they don't reduce the number of homes available for people who live on Nantucket year-round. When we talk about "short-term rentals," we're referring to the tourism economy that enables year-rounders to afford to live on Nantucket.
Thanks to the vision of those who came before us, Nantucket continues to be a popular vacation spot. Let's not undo more than 100 years of tradition by making our visitors unwelcome.
Evaluating Nantucket’s Failure to Pass STR Regulations
Evaluating Nantucket’s Failure to Pass STR Regulations
Evaluating Nantucket’s Failure to Pass STR Regulations
JohnCarl McGrady grew up on Nantucket, is a student at Williams College and is a part-time reporter for the Nantucket Current.
He took an interest in the STR debate in his hometown, from the beginning.
As part of his studies, and using his own research and analysis, he wrote and shared a research paper on why the STR Work Group proposals failed at STM 2023.
An interesting read.....and thoughts to ponder as we face yet another STM with a group consensus attempt at STR regulation and codification.
SETTING THE RECORD STRAIGHT ON STRS
Evaluating Nantucket’s Failure to Pass STR Regulations
SETTING THE RECORD STRAIGHT ON STRS
One of the many fingers pointed at STRs is their impact on affordable/attainable housing. This independent research is not specific to Nantucket but is illustrative nonetheless.
The American Enterprise Institute is a public policy think tank dedicated to defending human dignity, expanding human potential, and building a freer and safer world. The work of our scholars and staff advances ideas rooted in our belief in democracy, free enterprise, American strength and global leadership, solidarity with those at the periphery of our society, and a pluralistic, entrepreneurial culture.
The AEI Housing Center claims three primary objectives:
- Provide transparent and objective mortgage and housing market trends at unprecedented levels of detail;
- Foster a stable system of mortgage finance that promotes sustainable homeownership; and
- Develop market-based solutions to the nation’s shortage of economical housing.
They pursue these objectives through the use of the best available data and by producing rigorous research on important policy issues.