Tuesday at 5: How Short-Term Rentals Are Impacting RI's Housing Market

B.C. pushes ahead with short-term rental crackdown despite tourism warnings

B.C. presses ahead with strict short-term rental rules; Minister Ravi Kahlon says housing for workers must come before tourism profits.

Tuesday at 5: How short-term rentals are impacting RI's housing market

Some say these homes are boosting tourism in Rhode Island. Others believe they're adding to the housing crisis. With the popularity of short-term rentals, state leaders are now requiring property owners to register their homes. So, how is that affecting the state's housing market? See this special report from Target 12 Consumer Investigator Sarah Guernelli next Tuesday on 12 News at 5. Watch 12 News Now on WPRI.com or with the new 12+ smart TV a…

Time to increase tax on short-term rentals of entire homes

It’s time to acknowledge the financial harm whole-home short-term rentals inflict on our city. As rental prices skyrocket, long-term residents are pushed out, increasing homelessness — yet investors in these short-term rentals rentals continue to reap substantial profits. Taxpayers currently bear the burden of funding housing solutions, such as the $46.9 million spent by the San Diego Housing Commission to create 850 units for the homeless. Mean…

Regarding the proposal to manage short-term accommodation business activities in apartment buildings, the Department of Housing and Real Estate Market Management (Ministry of Construction) said it will study and review to report to competent authorities for amendments and supplements in the near future.