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City of Myrtle Beach Director of Public Information Mark Kruea said that every 1,000 short-term rentals turned into long-term ones equals a loss of $5.7 million in direct economic impact.
On October 28, 1992, the Chicora-Waccamaw Indian People first formed as a 501(c)(3) nonprofit organization, being originally called the Chicora Indian Nation. [2] [4] [12] [13] The organization was established following Harold D. "Buster" Hatcher's departure from the Chicora Indian Tribe of South Carolina due to a disagreement with then chief, Gene Martin, in October of 1992.
Chicora was a legendary Native American kingdom or tribe sought during the 16th century by various European explorers in present-day South Carolina. The legend originated after Spanish slave traders captured an Indian they called Francisco de Chicora in 1521; afterward, they came to treat Francisco's home country as a land of abundant wealth ...
Here’s why some experts believe in the long-term approach over short-term rental platforms. For the full picture, find out some reasons Airbnbs can be better than long-term rentals .
The Waccamaw engaged in a brief war against the South Carolina colony in 1720, and 60 Waccamaw men, women, and children were either killed or captured by the colonists as a result. [ 9 ] In 1755, John Evans noted in his journal that Cherokee and Natchez warriors killed some Waccamaw and Pedee "in the white people’s settlements."
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.
Breakdown of vacant homes. Of the 110,075 housing units in the Hilton Head Island-Bluffton area, here is the breakdown of the estimated 25,654 vacant homes:
[citation needed] Thus landlords convert their properties into short-term rental units, and there are fewer long-term housing options available to permanent residents. Landlords also sometimes pressure and coerce people out of their homes, particularly if residents are of low-income. [6] In Australia, short-term rentals have contributed to the ...