The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: S. maltophilia who wrote (119129)	6/28/2022 3:22:48 PM
From: Broken_Clock	Read Replies (1) of 119358

It's a real economic crisis in Hawaii. The government response it to raise property taxes, expand gov't workforce and expand the red tape to permit a new home or addition to a home home or create new lots. From personal experience, I know full well how corrupt the development process is in Hawaii...which is over 99% D in State and local governments. The higher the prices = the higher the property taxes = the larger the bureaucracy grows. civilbeat.org Most recent example of the process: Our County budget jumped from $660m this year to $787M. There was actually an excess so one Councilperson asked if the County could reduce the primary residence tax rate 10¢. He was voted down 7-2. The 2 County parks we have in West Hawaii are overrun with homeless meth addicts. The one pool is utilized as a drug center and bath house for the homeless. Result: no parents will bring their kids to the park. Rather than deal with the issues, the County hired security with the budget "surplus" to man the other park(also vandalized but way less homeless during the day) and order the parents and kids not to use the park due to safety concerns. So no parks for the kids. Meanwhile the homeless run wild dealing drugs all over town, sleeping and sh**ing in peoples' yards, police won't even touch one....etc. We have our own little SF scene. hawaiibusiness.com "When UHERO factors in local data, Hawai?i is far higher on the Wharton index than New Jersey, the state with the next most stringent regulations. Meanwhile, the median single-family home price of more than $1 million in three of the four counties also makes Hawai‘i the state with the highest median home value. Hawai?i County has the biggest regulatory burden among all counties measured nationwide, followed by four California counties; Maui County is No. 6, Kaua‘i 9 and Honolulu 11."

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