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It addresses the problem of housing costs for long-term residents, we agree. It does that in two ways — it prevents tourists from competing for their house, an
by maximilianroos 3y ago
It addresses the problem of housing costs for long-term residents, we agree.
It does that in two ways — it prevents tourists from competing for their house, and it reduces tourism, reducing local wages, which reduces housing demand from other locals.
But that's bad! It's bad for the tourists and it's overall bad for the locals. It would be even faster to just prevent all exports from Hawaii, including tourism — housing prices would drop really quickly. Would you advocate for that?
Instead, the goal should be to _increase_ the amount that people can trade, so you get some value from seeing a beach in Hawaii for a week and someone who lives in Hawaii can rent out their house or work in an airport or build a sightseeing business. And we can do that through allowing more stuff — including houses — to be built!