Short-term rentals threaten to drive up Charleston's high housing prices and displace residents - Post and Courier
Summary
This article from 2017 discusses concerns in Charleston regarding the potential negative impacts of short-term rentals on housing prices and resident displacement. Hosts in Charleston and similar markets should be aware of the potential for increased housing costs and the need to monitor local regulations.
Key Insights
- •Short-term rentals are perceived to have the potential to displace residents.
- •Short-term rentals are perceived to be a threat to rising housing prices.
Action Items
- ✓Monitor local news and government websites in Charleston (and other locations where you host) for potential regulatory changes related to short-term rentals.Effort: lowImpact: medium
Common Mistakes
- ⚠Ignoring or failing to comply with new regulations could lead to fines or the inability to operate your short-term rental.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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