ACK•Now

Another great essay from Bob Barsanti. We hope the Lease to Locals program (and other housing initiatives around the Island) can make a difference before it's too late. There is no silver bullet to solve the housing crisis. It will take a lot of hard work to preserve our island community.

Hoping They'll Come Home Again Unfortunately, the sons and daughters of Nantucket are leaving. They are on the boat rounding the Point and may not toss a penny.

Thrilled to be partnering with Placemate.com to bring a Lease to Locals program to Nantucket! This program is designed to pay property owners a cash incentive to turn smaller short-term rentals into year-round rentals. Check out ACKNowCI.org for more information. Full program details coming soon!

https://acknowci.org/

ACK Now CI Most people know Nantucket for its rich history, culture, and natural beauty. However, Nantucket’s local community is what makes it so special. Without the year-round community, there is no Nantucket. Its popularity has led to a number of challenges, including a scarcity of housing options availab...

reAlpha is another example of the growing trend of investing in residential homes to turn them into commercial STRs. For $2,500, reAlpha allows investors to buy a piece of a commercial short-term rental.

https://app.realpha.com/deals

Good story about housing advocate groups helping residents to buy homes instead of losing out to investors like they are in some areas of the country. Of course the demand for and cost of homes makes this model difficult to translate for Nantucket.

Activist House Flippers Take On Wall Street to Keep Homes From Investors Housing groups try to counter rental conversions and help lower-income residents achieve homeownership.