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"He vowed to prevent foreign buyers from swooping in to exploit the tragedy, suggesting the state was better suited to take control of the land. "I'm already t
by dmbche 3y ago
"He vowed to prevent foreign buyers from swooping in to exploit the tragedy, suggesting the state was better suited to take control of the land.
"I'm already thinking of ways for the state to acquire that land so that we can put it into workforce housing, to put it back into families, or make it open spaces in perpetuity as a memorial to the people who were lost," Green said while standing amongst the rubble."
- golergka 3y agoSounds like he wants to prevent land owners who suffered from this disaster from getting fair market price for their property and exploit them himself? If state really wanted to pay fair price, it wouldn't have to prevent other buyers. It would just out-bid them.
- dmbche 3y ago....maybe Hawaii isn't in the best place to negotiate fairly because they just suffered wildfires and are trying to make sure the land doesn't get sold for nothing by the locals who lost everything? This is the reason there is regulation and not just the invsible hand
- onlyrealcuzzo 3y agoFunny that the visible hand only works to benefit home owners / sellers and never works against them. There's a group of people on the opposite end of the trade perpetually getting shafted.
- dmbche 3y agoReal estate moguls are getting shafted?
- onlyrealcuzzo 3y agoReal estate moguls are generally home owners...
- dmbche 3y agoThey explicitely are trying to make sure international buyers don't come in and swoop the land for scraps - not fucking over Hawaiians trying to get housing. I don't understand what you're arguing for
- onlyrealcuzzo 3y ago> They explicitely are trying to make sure international buyers don't come in and swoop the land for scraps You're claiming that the state is going to overpay vs the moguls? That's a handout to the home owners. Developers are going to buy the land to develop it & rent or re-sell it. If they did so, that would benefit new entrants (buyers, renters). But I guess we're not allowed to indirectly let developers have any benefit? Are developers are inherently evil? Why do home owners deserve a handout? Why should owning a home have no risk, and any losses are socialized onto renters while all gains are kept for the owners?
- dmbche 3y ago"I will try to allow no one from outside our state to buy any land until we get through this crisis and decide what Lahaina should be in the future." Fron the gov
- infamia 3y agoIf the goal was to prevent folks from getting a raw deal, the governor could just come up with the funds to help folks rebuild like most catastrophies. Instead, he wants to take advantage of the disaster and use the land for his own designs. Maybe the governor's heart is in the right place after all, but this feels super slimy at first blush.
- golergka 3y agoI've already said it in my previous comment, but I'll repeat it again: if you want them to get more money, just offer them a better price. There's no reason to FORBID other buyers from bidding if you're going to outbid them anyway.