4 ms·
This seems like a step in the right direction but the real issue seems to remain that so much of the housing is owned by people who do not live in Hawaii, regar
by causal 3y ago
This seems like a step in the right direction but the real issue seems to remain that so much of the housing is owned by people who do not live in Hawaii, regardless of how it is used.
At least some of these AirBNBs are just people's vacation homes that will still sit empty because the owners don't intend to give up their private getaways.
- CrimsonCape 3y agoSure that's true, but a lot of properties in tourist-heavy areas are owned by people who use income from short-term rentals to pay the mortgage. It's one thing if you can look at a property and say, "well my income is high enough that I can afford the note on this property." It's another thing if you say "well I can afford this property by using the property to pay for itself" I would argue that a lot of the properties will be sold off.
- hn_throwaway_99 3y ago> I would argue that a lot of the properties will be sold off. Which, if that happens, should lower the average cost of housing for long term residents, which is basically the primary goal of this bill.