MAUI Vacation Rental (STR) LAWS - Huge Update !!!
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- Опубликовано: 19 июн 2024
- Maui County held a press conference that will have major impacts to the shortage of housing on Maui, how Short Term Rentals on Maui can operate and no doubt it will have ripple effects to the entire Maui Real Estate Market. The county of Maui announced they will be proposing legislation to phase out Short Term Rentals that are located in Apartment Zoning by 07/01/2025 in West Maui and 01/01/2026 for ALL of Maui.
Minatoya List:
www.mauicounty.gov/DocumentCe...
0:00 Introduction
0:53 Maui County Press Conference
9:16 Question and Answer
29:43 My Thoughts on this Proposal
#maui #mauirealestate #hawaiirealestate
I think you’re right Jesse. The county and state should bear some responsibility for lack of long term housing also . Thank you
For sharing this and the updates you will provide.
This is a pretty blatant attempt by Maui officials to deflect people from talking too much about how epically they failed before, during, and after the fires. They know full well that this won't actually help and will actually *hurt* via hugely reduced tax income - assuming it isn't shot down in court first. All they care about is placating the most vocal people who might otherwise be talking about how their emergency manager had zero qualifications, how the power company was supposed to have already upgraded the lines but done nothing, failed to shut off power in conditions they already knew could lead to fires, how they couldn't even get water to fight the fires, and their overall utter failure to properly manage the response to the disaster.
This 100%
Surprised at their defiance and anger. This is going to backfire when none of the promised housing materializes and the economy on Maui takes a total tank. Tourists are very very skittish and the fires have scared them off. Now that this story has become nationwide people are not only going to skip Maui, they are going to skip all the islands and book elsewhere. I would.
Bait and switch .ot in Briti$h 0:07speak delay, degrade, deny, destroy
You don’t cure the disaster of one group to take and steal from another.
Exactly, what a bunch of thieves.
@@carsonc1272and then they laugh as they joke about owners standing up to them. 11:35 mark
Agree 100%
exactly. Next step is rent control to make things impossible for long term rental landlords already struggling to pay for increasing insurance and maintenance costs and told they cannot evict tenants for non payment of rent and can't increase prices ever....via "emergency proclamations" that keep getting extended.
IT WASNT A DISASTER,,,THE COGNITIVE DISSONANCE IS OVERWHELMING..we were attacked..we know by whom why where and what with..it was 4 years in the making..people were placed..moved..laws made..etc WE HAVE THE PROOF..THE FACTS. 45 year resident..combat vet..Maui massacre survivor.. I went through it all. and sadly now..I'm paying the price for it.
As a resident, I know a large number of these units are studios and very small one bedrooms. HOA fees are all well over $1000/month. Long term rents will never be "affordable" and very few of these will be appropriate for families with children. This is a knee jerk reaction to a problem that the County of Maui has perpetuated for decades. The solution is not to penalize people that have owned rental units and paid taxes upon taxes for years, the solution is to build more affordable housing with the resources the State and County have.
They will snd are just going to tax us more to build for others. How is that right?
ITS WORK FORCE HOUSING..read the bill !!! its not NOT NOT NOT..Hawaiian housing..low income housing..elderly housing...its work force..who's the work force...I watched the Senate hearing..its illegal aliens from the mainland. ...NEXT WEEK THE BILL/ LAW for short term rentals on the south shore is being signed and made law....knee jerk ? this is a knife in our backs .twisted until it goes through our heart and soul.
It's to "repopulate".. you heard of this "management" intended in accordance with started fire$
ho is going to donate that land for the new neighborhoods LOL??? You?
you mean as a willfully ignorant resident? First, most people are unmarried, and or are living alone. Second, less than 23% of Lahaina homes have minor children in them. Third, the new bill gives the govt. wide powers to fix problems. That could include changing, removing, or subsidizing HOA fees. The units' owners could also convert units to be updated, bigger, different, etc. But obvs they haven't wanted to do that because it was less profitable, which is exactly what has largely contributed to the housing problem in the first place.
Shortage of affordable, meaning cheaper, housing is a pervasive problem not only on Maui but all around the world. There is no magic bullet. As comments suggested the reduced number of short term renters will and has significantly decreased the demand for services and hence the number of jobs. We noticed this when we were there over the winter season. Many servers had friends who moved off island because no jobs were available. Most of the short term rentals units are not suited for full time rentals. Beside the relatively small size there is little storage often inadequate parking.. They also require high levels of maintenance and are not a cheap to keep up. As one individual mentioned, many people will just leave the premises vacant rather than face the prospect of a tenant not willing to vacate after 180 days. Blaming off islanders or some political party is just jargon and does not really provide a path forward. What needs to be done is to provide appropriate housing to house residents, not appropriate someone else's residence, and to rebuild Lahaina in a similar fashion to encourage tourists to return and provide the locals with income. The focus needs to bring prosperity to the community while compensating those who lost everything as best as we can.
Why can't they allow more building of affordable homes for locals? There's so much land open.
Why are tax payers and owners on Maui responsible for giving new housing for locals? In the US you earn your way in the world. They found housing before the fire and have been living free for 9 months at our expense. They Also got or are getting their insurance claim money if they were a renter or property owner.
@@shake741 well somebody has to but that land then pay for utilities to be brought in. And streets. Then an architect to design a house, get it approved while paying for all that. Then you hire and pay for labor and materials. Have you bought these items recently? Even if you sold the finished home with NO profit it would be too expensive for “affordable” housing ideals.
Once it is realized that the locals will in no way be able to afford the cost of short term rentals, the next shoe to drop will be rent control.
The once attractive condo units will spiral into dumps!
I was thinking that exact thing. But typically rent control only controls increases, not the rent itself. Owners will never invest if it means only breaking even or a loss. This is starting to not look like the US! And even full time owner occupants will see dramatic drops in property value.
A rent control measure is already in the state legislature, look at SB2762 and be sure to submit testimony as it moves through if you live on Maui. It is targeted toward Maui County specifically.
Locals need to rebuild…if they owned land in Lahaina, with the help of State of Hawaii. Renters need to move into apartment rentals ( to be built by government and rich private citizens in Lahaina). Don’t touch privately owned condos from vacation rental abilities….. they bought these condos with the idea of vacation rental to supplement the monthly cost of purchasing the condo! They provide a great service…bringing visitors to Maui…who can’t afford $800 a night hotels!
I live here, I own a home, I don't have any short term rentals. But I'm horrified that the Governor and Mayor would support such an egregious 'taking" for all the reasons you mentioned. This was definitely the nuclear option and now we will all suffer the fallout. The solution was always to BUILD MORE HOMES, not to destroy our economy.
But the government can’t build private homes! The owner needs to buy the land and bud the home. These days there is nothing affordable about that in Hawaii or on the mainland.
@@heatherjoslin8291 the government can approve new development and cut some regulatory red tape and provide more/better infrastructure. Bringing prices down is always and everywhere an issue of supply and demand. But also, yes you are right, inflation is a problem and that has more to do with the US running the printing press to fund itself and is also not the fault of anyone who owns a Minatoya list condo.
Well said. I totally agree.
@@c2hawaii well they basically ignore permits and code as it is! Have you ever tried to get a permit? Or report illegal construction?
@@JesseGWald would you consider doing a video on the rent control bill SB2762 at some point?
Thank you so much for this excellent assessment of exactly what’s going on. I also believe the governor was completely out of line to even Suggest this as A possibility!
short term rentals are what fuel our economy and bring tourists to the island. not very many people can afford $1300 a night for a hotel room withiut kitchen and cooking facilities. Did the Governor look into the loss of income from the GE tax that all of these short term rental owners are paying to the county? I’m sure that there will be millions of dollars in income lost, and I agree with you about putting families into these small units with few amenities.
Exactly. I'll be there as a tourist (after by the way getting mutiple emails from various businesses Ive used in the past encouraging me to go back as they need the business).
I'll be spending money not just on the condo I'm renting but restaurants, markets, tourism activities like diving and upcountry businesses. If I have to stay in a Wailea hotel, nah, i wont be going back, unfortunately. THis is just a cripplingly dumb idea that consists of Maui shooting itself in the foot with both barrels.
Of course peopleare leaving youidiot politicians, because of lack of jobs as well as housing! Long term housing is no good if theres no long term jobs to pay for that. Build new housing thats aimed at families and not tourists like me who want different things.
Perhaps the solution is a hybrid. I would suggest that the over 30% of owners that own 20 or more properties convert a percentage of those STR into LTR. Owners like myself who have one property for personal use and who rent to tourists the rest of the year will be out of their retirement/dream homes with this legislation. I pay almost 12% in property taxes now as a STR owner. If my unit is converted to LTR, this goes down to less than 5%. How does Maui plan to make up this difference in over 7000 units, combined with the loss of tourist revenue across the island. Thousands who rely on tourism dollars will be out of work. It's a short term solution to a long term problem.
This will cripple the Maui economy. When these condos are no longer available, less tourists will come.
If Maui continues sending the message about not wanting greedy outsiders and we don’t want tourists, soon tourists will finally get the message and not come to Maui and choose to go elsewhere instead.
When tourists get the news that a large majority of condos will not be available and the price point for vacations go up, they will go where they are appreciated.
Most Canadians already avoid Hawaii as it’s prohibitively expensive already. I’m a past-owner of 2 lovely 2-bdrm units in Maui for over 24 years-I gave up. The increasing fees, taxes, lack of honest service-providers, etc.
Before the fires Fromers travel guide already had Maui as a no visit due to overtourism. We are well above the county plan for number of visitors. The low paying service jobs are already being filled by immigrants. Hopefully they finally get the message.
Well, that won't happen. As none of you seem to realize, there's never a deficit of richer and less caring people to show up to rent or buy. But let's say hypothetically it did happen, then the market would have the time to self-correct, locals take advantage to group up, buy up, and fix problems, and then the market continues to move on from there. But locals instead coming on to YT to spew a bunch of BS and not participate in viable solutions is what happens instead.
The Controllers want the people of Maui living in these tiny rental boxes. All oart of the Agenda going according to plan. This totally screws the owners of these vacay rentals as they will now never make enough rental income to service the mortgages on these units. You will own nothing and be happy (well really, miserable)
There is really not much alternative to this. Unfortunately, when you purchase an asset for business purposes, there is a risk involved. The only other thing the county would have done is to raise taxes to the point that it is uneconomical to operate a vacation rental anyway. There has been a growing discontent on West Maui with respect to the lack of permanent resident housing. It has gotten to the point that I cannot get any renovation work done as there are fewer and fewer people willing to make the commute from the upland and east side communities where they live. As for the tourism industry, I don't believe that there will be as big an impact as some believe. The people who rented a large portion of these rentals were not the type that spent money eating out and participating in the tourism businesses. My problem with all of this is why have the state and county not gone after MLP who owns tens of thousands of acres on the west side which they pay minimal or no taxes on to appropriate/acquire land for construction of housing.
I love Maui, I am not a resident but we visit the island every year for 1 to 2 weeks, I own zero property there so I really have no skin in the game but if they go through with this plan Maui will suffer significant negative consequences.
The area between Kaanapali and Kapalua will be absolutely devastated. Those properties will quickly deteriorate and will be a major burden on the residents of Maui. Tourism will be significantly impacted, tax revenue will take a major hit and good people will suffer.
The responsibility for the current state of housing shortages rest solely on the shoulders of Hawaii politicians not on families who have invested in properties on Maui.
I do live here and I own a home here. And I agree. This is going to make a bad situation worse.
Some of these families are refusing FEMA accommodations because they don’t like the unit or property or location! Really?
Like you, I visit Maui a lot and at one point wanted to move there part-time. After the fires, I am good just visiting. I have a friend in a rent-controlled building. She acts as if she owns the building. What those type of people fail to realize is a roof replacement cost $30,000. Painting a house is like $5,000. Every 20 year you need to remodel the interior. That cost me $150,000 in my house two years ago. You cannot have a nice building if you only charge the minimum amount. It will all look like a Chinese Junk.
This just breaks my heart. We barely make ends with the expenses it takes to run it. This is a not a money making investment. It is a heritage from my husband’s mom and is intended to be passed down to our children who have memories from when they were young. During Covid, we had put our own money into it, just to save it for our children and grandchildren. We had no income coming in from our unit to pay the bills. (electric, maintenance, AOAO fees,etc). But we came up with the money from our emergency savings fund. We live on a fixed income and can’t loose everything we’ve worked for because of this law. I understand where the locals are coming from and agree that something has to be done. It should have been done years ago, but my heart is crying right now.
I'm so sorry! I live here and I feel outraged that this is happening to people like you. I hope that a group of you can band together and fight for your rights. You don't deserve to be vilified, singled out and have Maui County cause you economic harm when you have followed all the rules. If there is an opportunity to submit testimony on this, I will. Some of us still have aloha and are with you.
All part of the plan for us all to own nothing
This is why property rights are paramount! They should be defended. Socialism doesn’t actually work….
I've owner occupied my Honokowai A-2 zoned oceanfront condo for 34 years. Now they want to destroy my property value with this total BS! My AOAO dues is over $1200 a month and this unit has 1 parking space and no visitor parking. On street parking is scarce at best. Clearly not designed for local families- who would likely turn the place into a dump within a year. Phuk Bissen for listening to these Lahaina Stong crazies. This is going to ruin the reputation of Maui real estate, take away jobs, and hurt sorely needed tax revenue. Utterly a stupid move.
Did you notice that all the Lahaina Strong people are not very old? I do not think they understand the ramifications of this bill at all.
@@GS-sr6uy nor do they understand basic economics or real estate. They want someone else to build and gave them homes! We are not a socialist country. We earn our own lifestyle.
You've lived in your oceanfront condo for 34 years, yet you say your neighborhood is not designed for local families. You're a local are you not? You live in your condo permanently, do you not? You say we locals will turn your neighborhood into a dump. I hear nothing but racism in your comment.
@@mrs.d8921 families need more space and storage than a single or couple. Condos just don’t have it.
The HOA monthly fees are outrageous!! Where is all that money going?
Thanks for another great update. I checked out the list and I was shocked to find several places I've stayed at before. It will be interesting to see how it all plays out.
Thank you for posting. Your explanation of what is needed, seems spot on. This has been so heartbreaking. I fully agree that the older STRs are not suitable for today's families. I feel the the mayor and council person are using the Lahana disaster for their own political gain. Owners of STRs have opened their units up for those displaced by the fire. And many remain empty. Why? Because the people of Lanan don't want to leave West Maui, which is their home. So, I fail to see how taking the property of those in South Maui and Central Maui will help.
As always, appreciate your videos and perspective!
Instead of getting rid of short term rentals, why not build more affordable homes for locals? I never understood why they don't want to build more!! I know some people want to keep the open space the way it is, but the need for homes is strong! BUILD MORE HOMES!!!
Because they want to limit population growth to stay in control. Limiting growth and outsiders from taking over is all they really care about.
@@br6422 But yet, I read that 1/2 the native Hawaiians have left the islands to the mainland because of affordabilty.
@@shake741 Your first point is correct, just build more housing already. Plenty of people do leave because of affordability and others leave because there’s not a plethora of career opportunities on Maui. It’s a struggle to survive and almost none of them are paying attention to any of this.
I am very familiar with West Maui and went thru the list in detail. A very high percentage of the current facilities to the north of Honokowai Beach Park all the way to Kapalua are on this list. I have stayed at several of them. If these are all eliminated from short-term rentals, the economy of that part of Maui will absolutely collapse. The locals may indeed have places to live, but there will be no work to do and therefore no paycheck. By direct experience, these places are not suited to long-term residency. Without tourism, Maui will unfortunately continue its descent into a third-world country. Sad. The next mayoral election will be interesting.
100% agree. Was going to write the exact same thing!
Exactly 💯. The amount of tourists is already in decline.
Socialism at its best.
Well said!
@@bobdol69 I have been to the third world as a consultant working for local and regional governments. I have been coming to Maui since 1995 and follow local issues quite closely. The way the local government is and has handled issues like these has a lot in common with how the third world does things. Sad but true. Someone point out where I am wrong. Maybe just one question....how many power poles were paid for vs how many were actually installed?
Spot on - 100%. Besides the fact - most STRs are small and very expensive - the units and facilities are not designed for full time residents.
Let’s look at Wailea for example: some of the units in the complexes on the list would rent for 15K per month. What working class family could afford those rates?
The hotels have spent over 6 million for lobbyist at the state and local level. If we want to find a root cause for this narrative - we only need to look at where the money is coming from and the politicians that support the hotels agenda.
obviously have no idea how markets work.
The major revenue of Maui is visitors, this Island controlled by this naive governor is critically doomed.
Visitors are not just the "major revenue", they are the ONLY revenue. Prove me wrong if you can.
@@timkenyon6088 well there are of course other sources but none come close.
There are many types of revenue. My comment was not an argument but stating it is a key money flow. Other revenue flows are the excessive taxation. Every year this island brings in a new way to tax the vacationer! If you are not a kamaʻāina you pay more for everything!
These misguided folks forget the consequence’s, people can vacation elsewhere. The revenue stops and jobs are lost.
@@rwnljn and most locals pay the same for most things. After Covid, many locals discounts went away.
@@rwnljn Sorry to disagree, but this is an important concept. Even the "excessive taxation" is sourced from money brought to the island by visitors. When pineapple and sugar cane went away, tourism became the only real source of revenue for the island. Another way to look at that is to answer the question "What goods are created on the island that would be created if there were no visitors?" Sadly, there are a few farms (and a growing commercial farming presence of various types), but that is it. Containers come to the island full of stuff, but largely leave empty. The actions contemplated by the Mayor will devastate Maui. Sad. MAHALO.
Well said! New homes/condos for the native people that are affordable! I can't believe this hasn't already happened. Leave the vacation rentals for tourists. As someone who owns a vacation rental condo on the Big Island with hefty HOA fees and management, not a lot of money is made from these types of investments. But they do provide a more pleasant and often cheaper place for tourists than a hotel. Plus many of these short term vacation rental condos are not conducive for families...no parking, limited storage etc. I really hope they can build the residents of Maui new AFFORDABLE homes. They deserve it.
They can rebuild with their insurance claim
Money. In todays economy you cannot buy property and build on it cheap enough to have it be “affordable”. And who would front the money until it could be sold to a local?
Who is going to donate that land for the new neighborhoods LOL??? You?
Very insightful and the points you made regarding the list and that the Lahaina people as well as the people of Maui who needs affordable housing should have the option of moving into new homes suited for long term housing rather than be placed in these older structures where most have out dated building codes and some of these buildings are facing structural issues due to being too near to the ocean. This will yes increase supply of rentals but who will pay the high HOA fees, property taxes, property management fees etc? Lots of questions unanswered… 🙏🏾🌺
True...I know where we stay in Kaanapali that the monthly HOA is around $1500 on average unit and that doesn't include taxes, insurance and payments owners are making if they financed the units. Rents for monthly, long term rental will be very expensive... So even if owners sold the other fees and other costs would be out of reach for most maui residents.
@@steves3688 Are the management companies raking in big $ or are their expenses truly that high?
You are absolutely right. Great video
Mahalo Jesse! Athen, Ga. I Was a native on the Big Island (35 yrs) and overly concerned for the local people of Lahaina. Keeping you all in our prayers. 🌺🙏🏼
Ok the condo above us was put in the FEMA program 2/1. The owner receives $7000 a month for a minimum of a year, it sits vacant. It is in Kihei, what nobody wants to live there? Now can I have back the taxes that have been paid on our unit. It now becomes a vacation home. They just raised our property tax assessment from $750k to $1,150,000. It would be difficult to sell the unit right now for $850k. Thanks, I support your local economy and this is the way they govern. 7000 units you want to return to long term rentals. Do the math. My hard costs are $2,250 per month. So how many of these displaced resident want to pay $600,000 for a one bedroom condo with over $2000 fixed expenses and another $ 3-4,000 house payment. For a one bedroom? Might as well bring back Covid! You’re going to kill your economy.
We have 2 units in our complex sitting vacant and costing taxpayers thousands in rent along with $1000 hoa plus the tax break ! This is absolutely criminal
@@heatherjoslin8291 In Kihei?
100% this.
Thank you for all the videos and good information on what's happening. No, we are not all greedy, but want to have a home on Maui because we love it. Thanks!
ANd I'd love to have homes in San Francisco, NY, and Paris because I love them. Sit down and shut up.
Thank you for your well thought out response. I will use your points in crafting a letter to our council members suggesting they not pass this ordinance
Thank you for the update. My husband and I love Maui and were very interested to hear about this topic. As my husband put it, it sounds like Maui is looking at only a very short term solution with long term consequences, but building more affordable housing is a long term solution that likely wouldn't be applicable for several more years based on some of the other videos we've watched where you mentioned permitting timelines.
Wow Jesse. This is a huge issue to deal with. May God Bless the people of Maui that they can come up with a solution that helps everyone.
Many of the property owners rely on short term rentals to support their investment. Real estate values will decline as owners try to sell. Will such legislation proposal become law? I don’t think so because there too much money to be lost.
values will decline but nowhere near enough to make them realistic for locals, especially loca;s who no longer have jobs because tourists arent coming
Well said rebuttal to the government overreach.
I dont think Im the only tourist that gets the unwelcome mat being placed out front. My heart breaks for Lahaina and the suffering. I hope a better solution surfaces soon.
We agree 1000%. Yes what are they doing with all the transient tax money all these year. That should be used 100% to build dignified housing for locals and provide assistance for full time working residents. The Maui government is so stupid they are basically cutting their own leg off. So typical for democrats to make legislation without a real plan or how this will have long term effects. The massive amount of lawsuits and legal bills Maui County will have is just going to be wasted money that could go towards housing to be built.
I watched your video a month ago, the Gov claimed they obtained enough units for displaced residents. Why is a need to wipe out the short term rental industry that plays a role in helping Lahaina's recovery? Doesn't anyone see how this will hurt the local economy?
I went through the list and I recognize some of these properties. Luckily my timeshare is not on it because it was purpose built as a timeshare and not converted later to a STR. That being said I can see a future effect on tourism if these units are removed from the available units for visitors to stay in and therefore not just the reduction of property taxes affecting the local economy. I agree that most of these properties are not great in the long run for the locals to reside in and therefore the best solution is to build more affordable long term housing.
Thank you! I love your idea…
Your summary is 100% correct.
Thank you for the video and we feel the anguish of these leaders and Maui Strong. I really support your idea shared at the end because there is no such thing as affordable housing for the people of Maui. Attempting to force the local people into what is really substandard and inadequate housing will only exacerbate the Maui housing problem and cost is only one element of that problem.
I heard mentioned about 650 housing units being constructed, but that is a grossly inadequate number. The new Lahaina can never be Lahaina pre fire and the leaders must redesign Lahaina and address a way to create affordable housing for the people of Maui. Just my $0.02.
👏🏽👏🏽👏🏽👏🏽
I’m happy that Maui’s leaders are doing what they can to get long term housing back to locals.
I’ll bet $100 the temporary housing will become permanent housing for the most unfortunate people unless more is done to get locals in long term units.
Lahaina is an area that has many many private land owners. The government can only dictate rebuilding be to code. If your house burned down would you want the local government telling you you can’t rebuild a home? That it now has to be three units that you must rent? Or you must build a restaurant not a home?
@@mcritz46vl why isn’t it the people who should be responsible for their own housing like it was before the fire? Or like it is all over Hawaii and the mainland? You live how and where you can afford.
@@heatherjoslin8291 It’s my dearest hope that you never have to be on the other side of your own argument. May you never be in need. May you never rely on a system designed to maximize profits when you have had everything taken from you. May you never look to your neighbors and see them look down upon you. May you never seek fairness, or kindness, or neighborly love and hear only “be responsible for your own.”
We've stayed in some of these complexes while on vacation in Maui. In essence, the only options will be to stay in hotels or homes, which doesn't work for everyone. I truly think that this is very shortsighted. I agree a solution to house full-time Maui residents is important, but this isn't it. It will more than likely destroy the tourist industry in Maui, then the full-time residents will be forced to leave, due to lack of jobs. I agree with your suggestion to build new housing. This is a more prudent decision.
👏🏽👏🏽👏🏽👏🏽
Glad for this. ❤❤
Why? Would you be happy if the Mayor said he was going to ruin your property? Locals could have purchased these units long ago if they wanted to.
I agree with you that affordable housing meant for long term family living is what needs to be built. But building anything in Maui takes YEARS. Lahaina families urgently need housing NOW. They are living in hotel rooms now. That is even less conducive to family living than STRs/condos. I see this as a stop gap measure to expand housing by 2,000 units in West Maui and 7,000 Maui wide until more appropriate housing is built. This is what the local workers camped out for on Kaanapali Beach and protested for. Politicians are supposed to do what their constituents want. I was there in West Maui on my yearly vacation last month and sadly decided I will no longer return to Maui for vacations. It has just become too expensive, and frankly, too depressing with Lahaina burned to the ground. Maybe in 10 years, when Lahaina is rebuilt, I will return, but not as long as the current circumstances exist.
The Governor said that locals are refusing to relocate to condos up to 6 times. So not a stop gap if they don’t want to stay.
Exactly
My rent was $300 a month in wahikuli all through the 90s
I guess I was blessed. I lived with a large Filipino family that somehow everyone now thinks are Hawaiians.
Hawaiians have been a melting pot since day 1. You were paying for a room and that was a reasonable price for that.
There is no short term play here. Short term rental unit # and housing price are in the same direction so banning short term rental may reverse that trend for a bit. Need a wash out in the real estate market to give local any chances.
I think there should be incentives rather than mandates to STR owners to sell to locals, but as you said Jessie, we can’t put families in most of them. We need more affordable housing. It needs to be built in an affordable manner because taxpayer funds are not unlimited. By that I mean apartment buildings with uncovered parking. Countertops should be laminate, not granite. That sort of thing. When I was young and struggling, I never expected a garage or a fancy kitchen. I lived in some very simple hales in the jungle, even though I worked forty plus hours a day. Over the years, I saved for my first place, a tiny bare bones house in Haiku. From there, I traded up.
Building “affordable” housing is literally not possible. Are you aware of the cost of labor and materials in 2024? Let alone to purchase the land?
Why would taxpayers build homes for private citizens?
@@heatherjoslin8291 True story
@@heatherjoslin8291 Good question.
I didn’t realize Maui residents can afford to buy any unit. I can’t afford it myself. The HOA is like a 2nd mortgage.
Ironic. The good folks of Lahaina would have never gone for 'Gentrification.' Buying up older properties and bringing them up to fire code. They were living in a death trap: An old wooden structure from the 1940's at best. Now that they didn't heed the warnings of other fire causality communities world wide, especially Northern California, everyone owes them? My wife and I almost bought a rental condo in Lahaina 10 years ago. We have been evacuated in California wildfires. My wife's step-mom lost her dad's house in the Tubb's fire. We didn't buy because we thought the fire danger was too extreme. That was 10 years ago. Now the folks that don't own in Lahaina are having to cover that ignorance? Be careful what you ask for, you just got it. You hate the tourists...but they actually feed you.
And guess what many had no insurance. That was a very bad gamble. But why is that everyone else’s problem???
Just for fun, we stayed one night at the Pioneer Inn. The place, while historic, was an absolute disaster waiting to happen. Sad it is gone, but it was inevitable. Same goes for the older residential areas of Lahaina. Sad.
@@heatherjoslin8291 Or under-insured...
I'm not a lawyer, but this sounds highly illegal.
The former Hilton Hale Ka’anapali was built on Apartment zone. Will be interesting to see what they do as this was one of the first hotels in West Maui, built in 1964. It has a front desk and everything as you mentioned.
Hotels are not a target. It is short term rentals b
@@heatherjoslin8291 Bissen said he’s going after all short term rentals in apartment zones, which would include the former Hilton Hale Ka’analali. They are individually owned condominiums.
Hmmm, your “choices” are sell or convert to long term rental. Language used such as “for the greater good” by lefty socialists is your clue that things have gone off the rails. Don’t forget that this is the same guy that is partially responsible for the poor management that led to the fires, and then the response to them. I’m sure this will all turn out great…
Mahalo!everyone for your voice and comments been made and I do share the same feeling about it too! Thank you! Jess, affordable homes 🏡 is a must and I pray Lahaina well be better to return home and build again and better for local people of Lahaina.
We just need to fast track some new builds. It’s not rocket science.
Exactly and it would create lots of jobs for locals in the process...had they started that from the get go units could be coming online now or in the near future...FAST TRACK!! like you stated!
@@steves3688 and who buys the land and pays for the building? When who owns and maintains?
@@heatherjoslin8291 There were MASSIVE donations and the monies the government has already spent would have gone a long way...and remember this isn't all a give away...the affordable rents would have maintained and paid off large portions of it over time. That's what apartments do....just that these wouldn't be feeding the hands of entities making large profits off of it...
Exactly !!!
@@steves3688 what if I told you that whenever bud I g or rebuilding g has happened,a majority of those workers come from the mainland. The displaced people were working in hospitality not construction
Our property was not built as vacation rentals! After 40 years of paying taxes and not renting why will we need to have a huge increase in property taxes to accommodate this? Locals cannot afford the rent that will be needed not afford to buy. If they could have bought they would have already!!
There is a shortage of affordable housing throughout the main land. Other countries including Canada are also facing a shortage of affordable housing. So changing regulations like they just did in Maui in not the answer. As you indicated it's been a problem well before the Lahaina fire. The Government should look as buying land and hiring contractors that can build a smaller three bedroom house with a cap on expenditures. The Government can also stipulate that the Contractor has to hire carpenter apprentices to help kids learn a trade. The land (owned by the Government) can be offered to the new home buyer on a lease for 1 dollar a year with a 35 year term. At the end of the day the new home owner just has to pay a mortgage for for the house. Therefore cutting the cost of home ownership in half or more. Everyone wins. Something like this worked after ww2 to help the returning vets. I know my first house was two bedroom one floor wartime house and it's still standing today.
BS. Everyone didn't win. In the past, when there were also millions fewer people living, imminent domain damaged poor people of color who most couldn't even afford lawyers, much less to win in any court. They weren't taking from multimillionaires with investment landholdings. Where's that new land coming from?
Very well said, my friend... so complex and not well thought out plans from the county
Spot on to your comments!
Your point is well taken that most STR have huge (some over $2k) per month HOA's and are generally small with no storage to speak of. Do they want to try and regulate how much rent they can charge for long term use per month to make these affordable to house locals? As a long time visitor to Maui I feel for the local people that have been priced out but the government has never addressed the need to develop any alternative housing. Once Lahaina is rebuilt this may be reversed but not in the foreseeable future unless perhaps the US Government allocates some of that $90bil going overseas to our own US Residents in Maui?
I look forward to seeing how this experiment pans out.
This is and will happen, in phases albeit. And it is needed. This whole transition from local people living in these buildings to short term rentals has really happened in the last 15 years. It was after the 08 financial crisis when Airbnb and VRBO really started. This was the beginning of our major overtourism issue and also our lack of affordable housing and this has continued to exacerbate both situations as this market grew and grew and grew unchecked. My friends or myself lived in nearly every single condominium on the low road in Honokowai. In 80s’ 90s and early 2000s this is where locals lived, contrary to popular opinion. And it will be again. Granted this is going to cause great pain for a lot of people, but it is a much needed reboot. 
Not all the properties on the Minatoya list are A1 and A2 zoning. Are they going after the whole list or just those properties in A1 and A2. The Kulakane was zoned Hotel when it was built. The County changed the zoning several years after the complex was built to B2 which is community business. It was built in 1970 with no expectation to be used for workforce housing.
A balance needs to exist. This will destroy the economy. Let's start with the millions of people no longer booking airline and car rental reservations to visit Hawaii, airport jobs will be lost. Vacation management companies that employ locals will go out of business. Small mom and pop cleaning companies will go out of business. The transient taxes on lodging will be lost. Tour companies providing trips on the island will go out of business. The island is dependent on tourism. The HOA fees at the STR properties are not affordable for LTR. With the economy on a downward spiral, how will locals afford housing?? The major hotel chains that do exist will increase their rates based on supply and demand and that will become for the rich only. The decisions to provide housing for the locals is important but this definitely is not going to provide the balance needed to move forward!!!
@@bettytamura1292 it’s not only service jobs. In the last two years, we replaced our sliding glass door which cost us about 13k, locally owned company. We bought laminate flooring from a local family owned company and had it installed by a local installer. We bought some art from a local artist, a new couch, bedroom set, and chairs from a locally owned company. We painted our unit, bought paint from a locally owned company. I bought a guitar from a local company. We use a locally owned property manager. All of this was about $30k that stayed on island. We always try to use local companies, to support locals, but I’m being portrayed as a taker. I don’t want thanks, I just don’t want to be seen as someone that doesn’t care. It kind of makes me sad really. This is not a new problem and the County hasn’t done anything in the last 15 years about it.
Does A1 and A2 consist of all of the studio, 1 and 2 bedroom units along the Kaanapali coast? They expect local people to buy and rent those units?
For the 2bed 2bath unit HOA plus Lease is over $2300. Good luck!
I closed on the sale of my Maui condo on the day of the Lahaina fire and have been thanking Maui and Pele every day since. It was zoned hotel but I feel even those are not safe. It has been a year after year attack on vacation rental owners. I feel Maui will regret this in the end. Just look at what Atlantis did to Grand Bahamas. Sucked all money out of other small businesses. Best wishes.
Thanks for this post, Jesse. BTW, the link to the Mintoya List is broken.
One thing that really struck me was getting a coffee at the Sheraton, I heard a local tell his friend " I don't think I can afford to live here anymore " Made me feel sad
I could no longer afford to live where I grew up either. That was on the mainland decades ago. I had to either increase my income or move where I could afford to live. That’s life.
Good Luck Maui
She called the mayor "honorable"...we all know that's NOT true and to kiss up to him at this time, spineless. Sorry Maui!!!
That really hit my ear wrong as well.
You are exactly on. Use the tax income and even add a special assessment to build new and appropriate new housing for the locals and make it affordable. It is going to take about three years to see how flawed this current plan is. The last 11 years we have come over for a month. We felt a part of the island. I feel this is so unfair to the people that love to visit the island but can’t afford to own unless they rent their units out when they are not there. Pulling the rug out on a large percentage of these owners is not right. I strongly believe both can help each other. The maintenance cost on these older units is way too high for residential living. I understand the desperate need for local housing but give the locals properties more suited for long term housing. I strongly feel this plan is way too short sighted.
Ok but who will pay for it? There are no real estate fairy’s to buy land and build. Serious question. Why wouldn’t the family who would live there build? They have not paid for any living expenses for 9 months. That’s a ton of savings. Plus their insurance settlements
Very well said!
This is another example of a government knee jerk reaction to a serious problem, but not thought out as you said.
I grew up on Maui, graduated from Lahaina Luna back in '73 and I lived in Lahaina for many years. It has always been way too expensive for the average worker to buy any property. Many friends could only afford to live with four or more friends all sharing the rent. To actually buy anything, even the most run-down cane shack was impossible without a high paying job and few of us had them. Your suggestion of new houses, designed for owner residents is a much better solution. Small houses on small but independent lots that residents could buy with very low down payments is workable. Tiny homes are very popular because many people realize they don't need the usual large house and they sure can't afford one.
All those pineapple and cane fields that are no longer in use could be developed into beautiful neighborhoods with curving streets, small community parks, playgrounds, and gardening areas. Will never happen of course... Because why would a developer sell a tiny house for $200K when he can get $400K for it?
This knee jerk reaction reminds me of when they passed the law that full time employees had to be offered medical insurance.
Many thought that was a great idea! But for those of us working full time, we got bumped to part time and had to find a second part time job to live. The idea was good, to allow us workers to get affordable medical insurance but the reality is the employers couldn't afford to offer that so they changed us to part time. Another knee jerk reaction to a serious problem without seeing the obvious outcome.
But the island politics and overall expense to live there is why I left Maui many years ago.
I enjoy your videos and I do keep up on what's happening on Maui and my family there are going to be seriously hurt by this new law because the income they get from their STR is the only way they can pay their mortgage and taxes. And they were born on Maui.
Will they be able to survive? They don't know...
What? I never stay in a hotel on Maui. I always choose a condo typically owned by locals. I love supporting the locals that way. They teach us so much about the area, culture, changes, etc. We become friends.
so puamana was voted on years ago do you know if they are going to have to fight again?
Fully agreed in that the tax implications will be imposed to all who live on the islands and no doubt will understand their mistakes. However, I believe its just posturing and that Bissen and Green are tryin to position their political stance, knowing this will never happen. It will go through courts and higher courts until supreme courts hear this. From then what is the outlook to Maui's economy. Frankly time has a way to subdue the beast. People will continue visiting Maui, and its locals will continue want a voice. Water is power, and the $$ will influence those who made decisions. Its all politics. So, how about this. What about the units that are in approved Hotel, HM, H1, H2 zone? Are those units going to sky rocket and will tourism be diverted to those units. Whats your thoughts? If best use isnt tech, isn't farming, although sugar cane and Pineapple was once staple income, how about Health,. Nope, best use is Hospitality, as long as the welcome mat is still there.
That's the reason get Hotels....there shouldn't be any TVR...you have some TVR in residential area, its a business in a residential area, your land tax goes up & so does every other residents in that area...unless you not reporting it...
he's telling you half truths
hey Jesse why can gov make Castle an Cooke with Gentry build affordable housing on Maui?
It’s not affordable to buy land and pay for labor and materials.
Wow is this going to open the proverbial CAN OF WORMS! Did anyone really think this out?
I have a timeshare at Kahana Beach Resort.Is this property included on this list?
No
These units were built as long term housing, as the Mayor stated, and need to be returned to the long term housing market. There should be no Short Term Vacation homes in residential districts at all, and Apartment zoning is residential. Residents lived long term in these condos. Reports show that over 85% of these STVRs are owned by nonresidents. Our long term housing should not be owned by outsiders and over-tourism needs to be controlled.
Yes. It is finally time to get the tourists out of our neighborhood, thank God. Tourists belong in resort areas. The idea behind Ka’anapali original master plan was just that. It was never to turn Honokowai into a tourist town.
@@djweeks_maui Yes! Honokawai should not be for tourists and we need housing for our regular working people, rather than giving up what was meant for long term housing and just building more. Maui does not have the natural resources to just keep building more and more.
What ever entity is responsible for the fire should pay. Period.
As for the need for tourism, there is always Kauai, Hawaii and Oahu. Maui has competition.
As for the federal government it has over 7 million new, destitute aliens to provide for so don’t expect much. Do so and infkation will onky get worse….. if that’s possible.
Jesse… so many of these comments really to the deeper issues involved. Is there anyone to whom concerned people could address these texts… people who might actually hear the disastrous outcomes ahead?
appears to be very short sighted in the long run due to creating a law that is so prohibited. State of Hawaii must kick in also in order to address the housing issue. Looks like tax payers will still get clobbered and stay on the hook. I was thinking about a better inter island transportation system and even maybe utilizing some the two closes islands to Maui. Communism has never worked.
"neighborhoods change, the complexion changes" - Mayor Bissen (24:50)
This bill will send ripples through Maui's already struggling economy. Besides, short-term rentals have priced out most retirees from living out their golden years in these 1 to 2 bedroom condo/apartments.. that's who I foresee setting up full or partial residency if short-term rentals are revoked.
Affordable ocean view housing. Hmmm
I agree that more housing has to be built. There is a lot of land in Maui
what probably needs to happen will be to build low income apartment buildings like Kuhio Park Terrace on Oahu so people who cannot afford expensive homes and condos, to have a place to call home. It could probably be built quicker and these homeless families will have a place to call home .Providing they can find the land available to build. just my humble opinion.
I know this sounds selfish, I was hoping these costs would come down for those who want to visit the island again. Currently short term rentals are way too high.
I agree with you that vacation rentals are not conducive to long term residential use.
My rental in Kapalua is offered at $250 - $350 per night...
@ericdahl6727 my usual is Kihei, not sure I'd like Kapalua. Maybe I can't be so particular.
Maui boss will soon find out that downzoning requires compensation -
This Fernandez needs to be kicked off the council. You can see from all the testimonies given she doesn't care except for getting paid.
She blatantly lies and appears to be a bit unhinged.
She has an agenda and a major attitude but typically city council
Member are virtually volunteers. It’s not a job.
@@heatherjoslin8291 They all make around 80k per year which is poverty in Maui, but real money in Molokai. They make billion dollar decisions though and are courted by lobbyists all the time. Hawaii has a long history of corrupt politicians being taken down by the Feds.
@@br6422 so they aren’t doing it for the money because their 80,000 a year is poverty?
@@heatherjoslin8291 It’s power and there’s dirty money throughout all of Hawaii. They can turn ag land into residential with the wave of a wand making property 100x more powerful.
And next , no buying land unless you live here and pay rent for 5 years 👏👏🙏🙏
People should not be renting if they hold a mortgage on the property they let. Hawaii won’t build more cause it will hurt the land and climate. Short term stays should be hotel or staying with family. I do agree they have got to build more. They just won’t. And by build I mean a neighbor of modest 900-1200Ft2 homes with small garden and room for two cars. It’s not complicated. It seems they only build massive homes where the owner stays a month or two and rents it out for the rest of the year or worse it’s vacant part of the year. Or they build condos and there are not that many seniors local who wish to live there and it just discourages newly married young people from remaining when the kids start coming as that is where they start out. Only a few can live in ohana’s. Hawaii should prioritize the local resident over the guest. It does not make sense for a mom and two kids to share a hotel room for months when someone on mainland can come for 2 weeks and stay in a 2 bed condo. They need to return the land to agriculture or build on it that was the contributing factor in the tragedy. I also don’t think people should live right on the water. For a place so concerned about sea level, why? They put a park in Hilo after the tsunami and were smarter about building in future. Maybe they need to have a tourist neighborhood of compact units near these historic towns. And once there is a natural disaster on island stop leasing to tourists and put locals in those units until rebuilding is done.
Everyone who spoke said the housing in question were originally long term worker housing. Can you prove that is incorrect, as you've asserted? Just because someone added a "check in" and converted it to something else since you've been around doesn't mean it was always used that way or intended for that purpose...
What kind of proof that these properties were not originally designed for workforce housing would be sufficient for you? These properties have been operating as vacation rentals for decades… there is no debate to that fact. Check in desks, resort style amenities like pools and tennis courts, one parking stall per unit, no additional storage and a premium oceanfront location are solid evidence to me. I think asking the county for evidence that they were designed and intended for affordable workforce housing would be a more appropriate question.
@@JesseGWald Nice (not) reply ignoring the facts. I don't know the facts of the history of that section of town, hence the question. But you're calling the mayor, the council, the state govt., liars. So just would like your facts, which clearly you don't have and are a denier of. All the garbage you wrote in your reply still does not disprove his comments and the facts around the issue of the bill. Rather, your points prove their claim that the housing has been violating the original intent for far too long. And you didn't answer - where do expect all this (affordable) land for new housing to come from?
@@JesseGWald per Hawaii Public Radio - The TVRs Bissen referred to are part of what’s known as the Minatoya list. They have been operating under an exemption that grandfathered in units built before 1989 to operate as short-term rentals. The new legislation would repeal that decision, bringing more housing for residents.
@@arborealscout4252 Yes, the properties are on the Minatoya List. Yes, they are in Apartment Zoning. No-one is disputing those facts. I dispute the fact that properties that were built on that apartment zoning was designed and intend for long term living as evidenced by my previous comment (which you referred to as garbage). Your own research and comment admits that these properties have legally been operating as vacation rentals for decades. I guess we will have to agree to disagree but I personally don't believe taking away a persons property rights are an appropriate answer to the affordable housing crisis. I believe there are better solutions.
Absolutely asinine and innacurate. The mayor is no leader.
Did anyone watching this get the feeling the Hawaiian Maui folks don’t like visitors?
Love them or hate them, visitors are the number one industry on Maui and they have just killed that industry by one hundred percent.
Never let a crisis go to waste . . . STRs will be gone forever.
Elections have consequences unfortunately
Presidents are selected they aren't elected.
This is almost always true.
Beachfront/oceanfront property is not affordable for the masses anywhere in the world, why would someone expect Maui to be an exception to this.
Does the Mayor actually think they can afford the cost of rents that they will charge? Does he not know that Inflation and tax increases. No way will they be able to afford these condos.
This !!!
Look beyond the fluff they are excavating Pele's womb and 2000 souls unfounded
What did they do with the material they took to make room for deaths 🚪 and debris..... I need to know what is going on