Residents in Hawaii face some of the highest housing costs in the nation, with more than 6,200 people homeless. Local officials believe the commercial use of short-term rentals is worsening the housing crisis.
residents have some of the highest housing costs in the nation -- 2.5 times higher than the national average -- according to the University of Hawaii Economic Research Organization., more than 6,200 people in the state were homeless on a single night in January 2023.
"Short-term rentals in Hawai'i have proven to be more profitable than renting to local families, but this profit often comes at the cost of the communities where they're located," said Gary S. Suganuma, Director of Taxation, in support of the House bill in March testimony. "Preserving long-term housing inventory for residents can prevent the out-migration of Hawaiians and other members of our communities, who are forced to leave due to the increase in lack of affordable housing options," said Suganuma.
"The proposed changes could conflict with constitutional rights as well as existing state statutes," their March letter to the House read. "Such changes could potentially cause numerous unintended consequences, ultimately leading to the deprivation of vested rights of existing residential homeowners, that then would likely result in substantial litigation."
Hawaii Housing Costs Homeless Short-Term Rentals Housing Crisis
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