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Honolulu (AP) – unprecedentedOffer from Maui MayorWould lighten a severe apartment deficiency aggravated to the stage for holiday lessees2023 firesHowever, the economy also shrinks, Hawaiian Economists’ Universitya reportWas published on Monday.
Mayor Richard Bissen introducedpolicyThe idea last year for the increase in MauiLimited supply of long-term housingAfter the fires, Lahaina erased more than 3,000 apartment units.
One of the authors of the research, Trey Gorder and Hawaii, a researcher at the University of Economic Research Organization, said he has always traded in dealing with such decisions.
“We see the price of politics, income and tax revenues, income prices and tax revenues will increase,” he said. According to the report, the visitor costs are likely to decrease sharply.
Bissen said the report was a valuable first step in understanding the potential economic impact of the report. However, he said that the residents of economic models live and leave Maui because they live many distances and leave Maui.
“The most important thing is that the knowledge, traditions and aloha generations, which are expelled from several communities that form them, they cannot admit their cultural loss,” he said.
Maui District Council Housing and Dry Usage Board can take a bill in about 60 days, depending on the budget review and the controversial schedule, the Assembly Chair, Alice Lee said.
He said that his anxiety does not solve the work of the work to legal consequences and politics.
“My understanding is that many (short-term leases) have their owners to maintain and sell their units and use them and use them,” Lee said. “The Council wants to build a fair and fair solution that works for all parties.”
One-third of Maui’s visitors use holiday rentals. Tend to cost less than hotels and are easy to spare on websites Arab and vrbo. Many have jobs and kitchens, so people can work away and families can prepare their food.
They also made it aThe source of tension in MauiespeciallyLahaina Wildfire– More deadly in the United States – the most deadly in the United States – destroyed so many housing.
The report said the mayor’s proposal, the issue was unique, because the rent of the issue, the Maui County’s housing supply considers 21%. On the contrary, the holiday rules in Los Angeles were affected by 0.9% of the local housing and 2.6% of Barcelona.
Politics, Maui’s long-term housing stock will add a 6,127 strike unit of 6.127 strike rents increased by 13%.
Every year, about 600 new apartment units were built in the district, this would be the value of ten ten years of new housing development. Condo prices will evaluate 20-40%, educational assessments.
Most of the affected owners would not be inhabitants of Maui, because 85% of the Housing-Zone Holiday Leases, especially from California and Washington Province, as well as Canada.
Another benefit would not require the transition to long-term apartments and demanding additional water sources in the maui of the district.
At the same time, research predicted that the policy will eliminate one-quarter of the Maui County and eliminate the expenditures of the visitor for 15%. 1,900 work or 3% of the county’s salary will disappear.
The gross domestic product will sign up to 4% contract and property taxes will probably decrease to $ 60 million each year.
The report said that tax and adopted reforms adopted and accepted and accepted reforms in the district vacation, tax rentals, empty houses can be obtained in less economic abilities.
The number of holiday rental licenses and the number of auctions would be another approach.
Steven Bond-Smith, who is an associate professor and author of the author, said that it was not aware of a society that does this with the rent, but is used to manage a general experience and fishing for taxi medallions.
To justify the report, the auction’s licenses will be produced in less profitable units from the holiday lease market.
The university worked at the request of the Non-profit organization Hawaii Community Fund.
This story was first displayed Fortune.com
