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Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
The total population of the Virgin Islands is 147,778: 104,901 in the U.S. Virgin Islands, 31,758 in the British, and 11,119 in the Spanish. Roughly three-quarters of islanders are black in the British and U.S. Virgin Islands, while the majority of inhabitants in Culebra and Vieques are Puerto Rican of European descent, with a significant Afro ...
The British Virgin Islands also operates as a domicile for captive insurance services, but a prolonged period of overzealous Government regulation combined with the Government's increasing pressure to hire only locals ("belongers") in the insurance industry decimated the industry. Official reports from the Financial Services Commission reflect ...
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The United States took possession of the islands on March 31, 1917, and the territory was renamed the Virgin Islands of the United States. [27] [29] Every year, Transfer Day is recognized as a holiday, to commemorate the acquisition of the islands by the United States. [30] Rear Admiral James H. Oliver was the first American governor of the ...
Eustatia Island is a 30-acre island of the British Virgin Islands (BVI) in the Caribbean. The word "Eustatia" [1] is a Greek derived word meaning, "good place to stay." The entire island, and a small neighboring island, Saba Rock, are under the same long term lease. The island is regularly featured and photographed for several publications and ...