Last Call for Nantucket Short-Term Rentals?
Short-term vacation rentals are a lucrative business in Nantucket and an important share of taxes for the town budget. But a court ruling has thrown the future of these vacation properties in doubt.
Short-term vacation rentals are a lucrative business in Nantucket and an important share of taxes for the town budget. But a court ruling has thrown the future of these vacation properties in doubt.
Two dueling visions of how the island’s long tradition of vacation rentals should respond to high housing costs and quality-of-life issues will go head to head on May 2.
Real estate agents on both islands are busier than ever, awed by the influx of wealth propelling the sales, concerned about those who can’t compete – and wondering what 2022 will bring.
The famous islands of Martha’s Vineyard and Nantucket in Massachusetts are facing serious impacts from rising sea levels and more powerful coastal storms driven by climate change, a new environmental report released Wednesday warns.
Nantucket voters shot down proposals to strictly limit short-term rentals on the island by wide margins at this weekend’s Town Meeting according to local media reports.
In the midst of vacation rental season, housing officials from Nantucket made the trek to Beacon Hill to join their state senator in a call for new tools, including a real estate transfer tax, help create attainable housing for year-round Cape and islands residents.