Here in Hawaii, the price of homes is dictated by non-resident speculators that purchase our homes only to illegally rent them out as vacation rentals.
Here in Hawaii, the price of homes is dictated by non-resident speculators that purchase our homes only to illegally rent them out as vacation rentals.
I live on Oahu. Our HOA has a provision prohibiting vacation rentals. We all know who owns, who rents, and which cars belong here. There is a new development on what was once farmland near Kapolei. I’m positive that investors are buying in. They won’t be affordable to the average Hawaiian.
No affordable housing is available for local residents. Live in Kailua, no HOA. House behind us was an illegal short-term vacation rental. Accumulated 700K in penalties but actually only fined a couple thousand by C&C building dept.
Ooh Kailua. We call it Little California. 😜 No offense.