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Rentals etc.

Posted by Kevin Z on Saturday, 19 August 2017, at 3:01 p.m.
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In response to 141239: Housing market, posted by John G2 on Saturday, 19 August 2017, at 1:15 p.m.

The rental market is perhaps beyond "tight". The affordable housing crisis has been getting some attention in the state legislature but is still absent a good solution, and even lifelong residents aren't immune.
Many units formerly in the residential market were instead entered into the vacation market where much higher rates of return are found. Air BnB, fairly or not, has been fingered as a big role player here especially since some aren't footing the bill on the Transient Accommodation Tax as they should and aren't subject to many of the requirements found in the hotel and resort arena (so I'm told).
Home selling prices have always been high and are again well above levels seen during the recent recession. Harry Pritikin can give you a much better analysis of this, and if you're not subscribed to his email newsletter, you should be. He's a Konaweb sponsor - look him up.
Good luck & Aloha!
Kevin Z

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