Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: S. maltophilia who wrote (119129)	6/28/2022 3:22:48 PM
From: Broken_Clock	Read Replies (1) \| Respond to 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."