Insights and Tips for Real Estate in Hawaii

Get an in-depth look at the Oahu residential real estate market. Click on the image to download the full pdf report.

Oahu, known as the "Gathering Place," is a vibrant island that offers diverse neighborhoods, each with unique character and charm. Whether you're looking to buy a home, rent an apartment, or explore, understanding the geography and MLS (Multiple Listing Service) regions of Oahu is essential. Here’s a comprehensive overview of the island’s neighborhoods, highlighting what makes each area distinct.

First off, what is the MLS?

The MLS, or Multiple Listing Service, is a powerful tool real estate professionals use to share and access property listings. It allows agents to collaborate, providing a comprehensive database of homes for sale. This helps buyers find their perfect home, and sellers reach a wider audience. By centralizing listings, the MLS streamlines the buying and selling process, making it easier for everyone involved. The Oahu MLS is managed by The Honolulu Board of Realtors (HiCentral MLS), and it has twelve distinct MLS regions. The TheSalazarGroupHawaii.com website sometimes refers to these regions as districts and further breaks them down into communities. Here is a breakdown of the different areas.

Central Oahu: The Heart of the Island

Central Oahu is the island's central hub, featuring a mix of residential developments and agricultural land. The area is known for its accessibility, making it a popular choice for families and professionals. Communities such as Mililani and Waipahu offer a suburban feel with various amenities, parks, and schools. Central Oahu’s location allows for relatively easy commutes to both urban centers and the beautiful beaches that Oahu is famous for.

Honolulu: The Urban Epicenter

As the capital city, Honolulu is a bustling metropolis that combines rich history with modernity. Neighborhoods like Waikiki are renowned for their world-famous beaches and vibrant nightlife, while areas such as Kaka'ako showcase contemporary living with trendy shops, art galleries, and eateries. For those seeking a more residential atmosphere, neighborhoods like Manoa and Nuuanu provide a quieter setting without straying far from the city’s conveniences.

East Oahu: Coastal Beauty and Scenic Views

East Oahu is celebrated for its stunning natural landscapes and coastal charm. This region encompasses neighborhoods such as Hawaii Kai and Kailua, which are known for their breathtaking ocean views and outdoor recreational opportunities. Kailua Beach and Lanikai Beach are highlights of this area, attracting both locals and visitors for their picturesque settings. The community vibe is strong here, with farmers' markets and local events fostering a sense of belonging.

North Shore: The Surfing Capital

Famous for its legendary surf spots, the North Shore of Oahu is a haven for surfers and beach lovers. Towns like Haleiwa and Waimea Bay offer a laid-back atmosphere with charming shops and tasty food trucks. The North Shore is not just about surfing; it also boasts beautiful beaches, lush landscapes, and a close-knit community. This region becomes a hub of activity during the winter months, drawing visitors worldwide to witness the awe-inspiring waves.

West Oahu: Growing Communities

West Oahu has seen significant growth in recent years, making it an attractive option for those looking for new developments and affordable housing. Areas like Kapolei and Ewa Beach are becoming increasingly popular, featuring shopping centers, schools, and parks. The region is often called Oahu’s “second city,” reflecting its rapid expansion and the influx of new residents seeking a suburban lifestyle with access to the island’s beauty.

Conclusion

Oahu is a tapestry of neighborhoods, each offering a different slice of island life. From the urban energy of Honolulu to the serene landscapes of East Oahu, understanding these regions is crucial for anyone looking to immerse themselves in the culture and lifestyle of the island. Whether you plan to move, invest, or explore, Oahu's diverse neighborhoods promise a unique experience tailored to various preferences and needs.

Homeowner's insurance rates in Hawaii have been on a steep rise, significantly affecting the real estate market, particularly for condominiums. This report delves into the reasons behind the increasing insurance rates, the impact on buying and selling homes, and the measures taken by the Hawaii legislature and governor to address this crisis.

Reasons for Rising Insurance Rates

Several factors contribute to the rising homeowner's insurance rates in Hawaii:

Increased Natural Disasters: The frequency and severity of natural disasters, driven by climate change, have led to higher insurance claims. This has forced insurers to raise premiums to cover the increased risk and losses.

Rising Construction Costs: Inflation and supply-chain disruptions, exacerbated by the COVID-19 pandemic, have driven up the costs of construction materials and labor. This increase in rebuilding costs has directly impacted insurance premiums.

High Risk and Limited Market: Hawaii's relatively small insurance market, combined with its high-risk profile due to natural disasters, has led to fewer insurance providers. This lack of competition allows existing insurers to raise rates significantly.

Increased Claim Payouts: Insurers have faced substantial losses in recent years, prompting them to reevaluate risks and increase premiums to recoup these losses.

Impact on Buying and Selling Homes

The rising insurance rates have profound implications for the real estate market in Hawaii, particularly for condominiums:

Increased Monthly Expenses: Higher insurance premiums translate to increased monthly expenses for condo owners, making it more challenging to afford homeownership.

Decreased Attractiveness to Buyers: Condos with high insurance costs become less attractive to potential buyers, leading to longer times on the market and potentially lower selling prices.

Mortgage Challenges: Condominiums that do not maintain 100% insurance coverage can be blacklisted by lenders, making it difficult for buyers to secure mortgages for units in these buildings.

Potential Decline in Home Sales: The overall increase in insurance costs may deter prospective buyers from purchasing homes, further slowing down the real estate market.

Legislative and Governmental Responses

In response to the insurance crisis, the Hawaii legislature and Governor Josh Green have taken several steps:

Legislative Measures: Lawmakers have advanced bills to stabilize soaring insurance costs for condo owners. These measures include expanding the power of Hawaii's 'insurers of last resort' and reviving the Hawaii Hurricane Relief Fund to provide coverage for condos.

Governor's Initiatives: Governor Josh Green has created an advisory team to work on stabilizing the insurance market. He has also advocated for legislation to impose a climate fee on tourists, allow HECO to use customer funds for state-guaranteed bonds, and establish a state insurance fund to ensure coverage availability.

Emergency Meetings and Discussions: Emergency meetings are being held across the state to address the crisis, although there is a perceived lack of urgency from some local government officials.

Climate Advisory Team: The formation of a Climate Advisory Team aims to analyze risks and costs associated with climate change and propose mitigation strategies.

The rising homeowner's insurance rates in Hawaii are a multifaceted issue driven by increased natural disasters, rising construction costs, and a limited insurance market. These rising costs are significantly impacting the real estate market, particularly for condominiums, by increasing monthly expenses, decreasing property attractiveness, and complicating mortgage processes. The Hawaii legislature and Governor Josh Green are actively working on measures to stabilize the market and ensure the availability of affordable insurance coverage. However, the effectiveness of these measures remains to be seen as the state continues to navigate this complex crisis.

The landscape of real estate transactions is constantly evolving

The recent settlement with the National Association of Realtors (NAR) has made significant changes in the regulations governing buyer representation. We want to provide you with the details of these changes, particularly focusing on the requirement for buyer representation and the new compensation disclosure rules.

Buyer Representation Requirement:

One of the key changes resulting from the NAR settlement is the requirement that buyers have representation before an agent can show them a property. This means that buyers must engage the services of a real estate agent to work on their behalf before they can begin viewing potential properties. This requirement aims to ensure that buyers receive professional guidance and representation throughout the home-buying process, thus empowering them to make well-informed decisions.

Compensation Disclosure:

In addition to the buyer representation requirement, the new rules also mandate buyer's agents to disclose their compensation to buyers. This means that any compensation or incentives received by the buyer's agent in connection with a property transaction must be transparently disclosed to the buyer. This disclosure requirement aims to promote transparency and ensure that buyers clearly understand their agent's financial interests in the transaction.

Negotiability of Compensation:

It's important to note that compensation for real estate agents has always been negotiable. However, the recent changes may lead to scenarios where buyers and their agents must navigate compensation differently. Sellers may no longer offer compensation, meaning buyers may have to pay compensation to their agents or agree to work with their agents to negotiate compensation from the seller's proceeds. This shift underscores the significance of clear communication between buyers and their agents regarding compensation expectations.

Implications for Buyers and Agents:

These changes have significant implications for both buyers and their agents. Buyers must proactively engage a buyer's agent to represent their interests, ensuring they receive the necessary support and guidance throughout the home-buying process. Moreover, buyers and their agents will need to have open discussions about compensation, ensuring that both parties understand the financial aspects of the transaction.

For agents, the new rules emphasize the importance of transparently disclosing compensation to buyers. Agents will need to navigate compensation negotiations that align with their client's best interests while upholding transparency and professionalism.

In conclusion, the recent changes in buyer representation requirements and compensation disclosure represent a significant shift in the real estate landscape. By understanding and adapting to these changes, buyers and their agents can navigate the home-buying process with clarity and confidence, ensuring that their interests are well-represented and that they make informed decisions.

As your trusted real estate partner, we are committed to guiding you through these changes and ensuring you have the support and information you need to navigate the evolving real estate market.

You can read more information on the official NAR website at https://www.nar.realtor/competition-in-real-estate/what-the-nar-settlement-means-for-home-buyers-and-sellers. Even more information can be found at https://competition.realtor/

If you need further details or have any questions about these changes, please feel free to contact us. We are here to provide you with the assistance and guidance you need.

Are you ready to take the next step in your homeownership journey? Selling your home is a significant decision, and we understand the importance of choosing the right real estate partner to guide you through this process. At The Salazar Group | Premier Island Homes Hawaii, our mission is to help you unlock the full potential of your property and achieve the best possible outcome. Here's why you should choose us as your trusted partner in selling your home:

1. Unveiling the Unique Story of Your Home

Every home has a unique story to tell, and we believe that showcasing the distinctive features and characteristics of your property is crucial in capturing the attention of potential buyers. From the charming history of your neighborhood to the intricate architectural details of your home, we take pride in highlighting what makes your property truly one-of-a-kind.

2. Tailored Marketing Strategies

We understand that every home is different, and a one-size-fits-all approach simply won't do. Our team is committed to crafting tailored marketing strategies that accentuate the unique benefits of your home. Whether it's through captivating visual storytelling, targeted digital campaigns, or personalized property tours, we ensure that your home receives the spotlight it deserves.

3. Overcoming Potential Objections with Confidence

Selling a home often comes with its fair share of objections and concerns. Whether it's the need for repairs, market volatility, or timing considerations, we approach each challenge with confidence and expertise. Our team is dedicated to addressing potential objections head-on, providing solutions, and instilling confidence in both you and potential buyers.

4. Maximizing Your Home's Value

We are committed to maximizing the value of your home in the current market. Our in-depth knowledge of local real estate trends, negotiation skills, and strategic pricing approach are all geared towards ensuring that you receive the best possible return on your investment.

5. Transparency and Communication

Effective communication and transparency are at the core of our approach. We keep you informed every step of the way, providing valuable insights, updates on market activity, and feedback from prospective buyers. You can trust that we will always have your best interests at heart.

We understand that selling your home is not just a financial transaction, but a deeply personal journey. That's why we are dedicated to providing you with unparalleled support, guidance, and expertise throughout the entire process.

Ready to unlock the hidden value of your home? Contact us today, and let's embark on this exciting journey together. Your dream sale is within reach, and we are here to make it a reality.

Hawaii is renowned for its stunning beaches and lush landscapes, but one of its lesser-known natural wonders is the Rainbow Eucalyptus tree. These trees are not just any ordinary eucalyptus; they are a spectacle of color, with trunks that look like they've been painted with strokes of green, blue, purple, orange, and maroon. The Rainbow Eucalyptus, or Eucalyptus deglupta, is the only eucalyptus species found in the Northern Hemisphere and is native to the rainforests of the Philippines. The Rainbow Eucalyptus trees in Wahiawa, including those at the Dole Plantation, are a must-see for nature enthusiasts and photographers alike. These trees can live for 50 to 100 years, growing to impressive heights of up to 200 feet and diameters of 95 inches. The secret behind their vibrant bark lies in the shedding process, where patches of outer bark are shed annually at different times, revealing the bright green inner bark. First introduced to Hawaii in 1929 as part of reforestation efforts, these trees have since become a symbol of the islands' commitment to preserving their natural beauty. The Wahiawa Botanical Garden and the Dole Plantation are among the places where you can witness these towering marvels. For those interested in tree care, Isaiah’s Tree Service in Hawaii is dedicated to the conservation of these natural marvels, offering services like tree removal and trimming. The Rainbow Eucalyptus is also cultivated for its pulpwood, which is used in making white paper. When visiting the Dole Plantation, not only can you indulge in the famous Dole Whip, but you can also immerse yourself in the wonders of nature by admiring the Rainbow Eucalyptus trees. These trees are a reminder of the Earth's magic and the importance of preserving such unique species.

#RainbowEucalyptus #Wahiawa #DolePlantation #HawaiiNature #ColorfulTrees #NaturalWonders

Hawaii's housing market is facing a significant shift due to new legislation targeting short-term vacation rentals (VRUs). A recent report has highlighted the strain VRUs place on Hawaii's housing supply, with a 35% increase in the number of VRUs advertised statewide, now totaling 23,000 units. This surge in vacation rentals, often operated by nonresidents, is reducing available housing for locals and driving up rents. The average VRU generates approximately 3.5 times more revenue than a long-term rental, making them an attractive investment over traditional rentals.

In response to the housing crisis, Honolulu's short-term rental owners will soon face higher property taxes, with the city council debating the appropriate rates for these hybrid properties that are neither full residences nor hotels. Despite these impending tax hikes, about a third of short-term rental owners have yet to register their properties. The city anticipates collecting around $16 million from these taxes.

The state has passed a new law, SB2919, granting counties the authority to redefine zoning ordinances and potentially convert short-term rentals into long-term residential housing. Violators of the new regulations could face steep fines of $10,000 per day. This crackdown is particularly poignant in areas like Maui, where vacation rentals account for a significant 15% of the island's total housing supply.

Honolulu officials are now considering how to enforce the new state law, which allows for the phasing out of non-conforming use permits for short-term rentals in residential areas. The city is also contemplating the economic implications, as the Transient Accommodations Tax (TAT) on properties rented for less than 180 days is a substantial revenue source, bringing in about $90 million annually. Stricter rental laws could impact this revenue stream.

The debate over short-term rentals is polarized. Proponents argue that the income from vacation rentals supports local families and contributes to the economy through taxes and tourism. On the other hand, critics, including housing advocates and hotel industry representatives, argue that these rentals exacerbate the housing shortage and should be limited to designated tourist areas.

Studies have shown that the presence of short-term vacation rentals can significantly influence local rents and home prices. For instance, in Honolulu, it's estimated that housing costs could be roughly 5% lower without the influence of VRUs. However, some argue that eliminating the vacation rental industry could worsen the housing affordability problem.

As the state moves forward with these new regulations, the Oahu residential real estate market is likely to experience increased volatility. The potential increase in housing inventory could present opportunities for those looking to enter the market. However, the impact on the broader economy, including potential job losses in the vacation rental sector, must also be considered.

In conclusion, Hawaii's new short-term rental laws aim to alleviate the housing crisis by reclaiming residential properties for long-term housing. While this may benefit local residents seeking affordable housing, the transition poses challenges, including potential revenue losses for the state and economic impacts on those reliant on the vacation rental industry. The ongoing discussions and implementation of these laws will shape the future of Oahu's housing market and the broader Hawaiian economy.

Aloha, future islanders! If you're dreaming of a home where the breezes are warm, the beaches are inviting, and the aloha spirit is as abundant as the sunshine, then Oahu is calling your name. Let's take a fun and light-hearted tour through some of Oahu's most enchanting neighborhoods, perfect for planting your roots or finding that dreamy second home.

Waikiki: Sun, Surf, and Sophistication

Waikiki is the pulsing heart of Oahu, a neighborhood that never sleeps and always impresses. Imagine waking up to the sight of surfers catching early morning waves and spending your evenings exploring world-class shopping and dining options. With a median condo price of $490,000, appreciating at 8.1% from the previous year, it's a vibrant investment for your lifestyle and portfolio.

North Shore: Laid-Back Living

The North Shore is where time slows down, and life is savored one wave at a time. From the legendary surf spots to the quaint town of Haleiwa, this area is a slice of paradise for those who prefer a more rural atmosphere. Picture yourself grabbing a bite from a local food truck after a day of surfing or horseback riding along the coast.

Kailua: Beach Town Bliss

Kailua is the quintessential beach town, offering a friendly residential vibe with access to some of the world's most beautiful beaches, like Kailua Beach and Lanikai Beach. It's a family favorite, with good schools and a strong sense of community. Plus, the outdoor activities are endless, from kayaking to beach volleyball.

Ko Olina: Resort-Style R&R

Ko Olina is the epitome of luxury living, with its upscale resorts, golf courses, and exclusive lagoons. It's a neighborhood that offers tranquility and top-notch amenities within a walkable community. Imagine ending your days with a sunset stroll along the lagoons, followed by a gourmet meal at a nearby restaurant.

Kahala: The Beverly Hills of Hawaii

Kahala is Oahu's most prestigious neighborhood, often compared to Beverly Hills for its opulent mansions and high-end lifestyle.

It's a place where privacy meets convenience, with easy access to the hustle and bustle of Waikiki and the serenity of Diamond Head.

Hawaii Kai: Suburban Charm with a View

Hawaii Kai is a suburban gem, offering waterfront properties with private docks and a plethora of outdoor activities. It's known for its wide sidewalks, excellent public schools, and proximity to dining and retail options, making it a top pick for families.

Makaha: Secluded Beachfront Beauty

Makaha is the go-to neighborhood for those seeking a more remote and secluded experience. It's a surfer's paradise with some of the most beautiful beaches on the island, perfect for those who want to escape the crowds and connect with nature.

Manoa: Lush and Historic

Manoa is a lush valley community that offers a mix of traditional Hawaiian bungalows, mid-century modern homes, and historic properties. It's a neighborhood that's rich in history and natural beauty, with a median home price that reflects its desirability.

Kaka'ako: Urban Island Living

Kaka'ako is Honolulu's hip and happening neighborhood, known for its vibrant arts scene and sense of community. It's a foodie's paradise with a plethora of dining options, and its walkability means you're never far from the action.

The Luxurious Life: Kahala, Diamond Head, and Beyond

For those with a taste for the finer things, neighborhoods like Kahala, Diamond Head, and Black Point offer luxurious living with stunning ocean views and exclusive properties. These areas are synonymous with elegance and are sure to provide a lavish island lifestyle.

Affordable Options: Ewa Beach, Waipahu, and More

If you're looking for more affordable options, neighborhoods like Ewa Beach, Waipahu, and Kapolei offer median home prices ranging from $900,000 to $955,000. These areas provide a balance of community amenities and access to Oahu's natural beauty.

The Great Outdoors: Hiking, Surfing, and Sunsets

Oahu is an outdoor enthusiast's dream, with activities like hiking Diamond Head, surfing in Waikiki, and enjoying sunsets at Ko Olina. Whether you're into high-energy adventures or relaxing in nature, there's something for everyone.

Culinary Delights: From Chinatown to the North Shore

Foodies will rejoice in neighborhoods like Chinatown and the North Shore, where local restaurants serve up everything from fine dining to refreshing acai bowls. And let's not forget the iconic shave ice for those warm island days.

Education Matters: Schools Across Oahu

For families considering the move, Oahu offers a range of educational facilities, from public schools to private institutions. Neighborhoods like Hawaii Kai and Mililani Mauka are noted for their premier public schools, ensuring your keiki (children) receive a top-notch education.

Whether you're drawn to the vibrant city life of Waikiki, the serene shores of Ko Olina, or the family-friendly atmosphere of Hawaii Kai, Oahu has a neighborhood that's sure to capture your heart. With a mix of luxury, affordability, and endless outdoor activities, the island is more than just a vacation destination—it's a place to call home. So grab your lei, kick off your slippers, and let's find your dream home in paradise!

Honolulu Harbor, a central point in the history of Hawaii, has been a bustling hub of activity for centuries. Its evolution from a natural embayment to a modern commercial lifeline is a story of ingenuity, cultural exchange, and strategic importance.

A Natural Formation: The Significance of Freshwater

The harbor, originally known as Kuloloia, was formed by the outflow of Nuʻuanu Stream, which created an opening in the shallow coral reef along the south shore of Oʻahu. This natural channel was significant because coral does not grow in freshwater, allowing for the development of a deep and sheltered harbor. This unique feature made Honolulu Harbor an ideal location for anchorage and later, a pivotal commercial port.

The Arrival of Foreigners

The first foreigner to sail into the harbor was Captain William Brown of the English ship Butterworth in 1794. However, it was a long-boat from the British merchant ship King George that first entered the harbor on December 12, 1786. These early encounters marked the beginning of Honolulu's role as a gateway between Hawaii and the rest of the world.

Naming Honolulu Harbor

The harbor was known to Hawaiians as Ke ʻAwa O Kou, but in 1796, a British captain renamed it "Fair Haven," which was translated to Hawaiian as "Honolulu," meaning "sheltered bay". The name Honolulu soon came into common use.

Development and Expansion

In 1816, a path was created to pull ships into the harbor, which later became Richards Street. The harbor saw significant development over the years, including the use of the first steam tug in 1854 to pull sail-powered ships into dock. The dismantled Fort's coral block walls were used to form the "Esplanade" between Fort and Merchant Streets, where Aloha Tower now stands.

By 1890-92, a channel was dredged to allow even larger vessels to access the harbor. Following annexation by the United States in 1898, the harbor was further dredged using federal funds, and Sand Island was created to calm the harbor waters.

Aloha Tower: A Symbol of Welcome

On September 11, 1926, the iconic Aloha Tower was dedicated at Pier 9, becoming the tallest building in Hawaii at the time and a welcoming beacon for arriving ships.

Honolulu Harbor in Hawaiian History

Honolulu Harbor has been intertwined with significant events in Hawaiian history. It was the capital of the Kingdom of Hawaii for nearly 100 years. The sugar industry boom in the 19th century, the overthrow of the Hawaiian monarchy in 1893, and the annexation by the United States all had profound impacts on the harbor's development.

The attack on Pearl Harbor on December 7, 1941, and Hawaii's subsequent role in World War II further shaped the harbor's history. After the war, the U.S. Military transferred ownership of the harbor back to the Territory.

Modern-Day Honolulu Harbor

Today, Honolulu Harbor continues to be Hawaii's commercial lifeline, handling over 11 million tons of cargo annually. It is the port hub of Hawaii, receiving, consolidating, and distributing overseas cargo shipments, and catering to passenger and fishing operations.

As Oahu steps into the future, it faces the challenge of preserving its rich heritage while embracing modern opportunities. Honolulu Harbor remains a symbol of Hawaii's resilience and its enduring connection to the world.

The story of Honolulu Harbor is a testament to the island's strategic importance and its role in shaping the history of Hawaii. From its natural formation to its current status as a commercial hub, the harbor has been a witness to the ingenuity and resilience of its people and the changing tides of history.

May 6, 2024 -- The landscape of short-term rental properties in Honolulu County is a dynamic and contentious issue, with recent legal developments, tax implications, and community impacts all playing a role in shaping the current situation.

Legal Developments

A recent court ruling has allowed short-term rentals (STRs) in Honolulu to continue operating despite an ordinance that bans rentals of between 30 and 89 days in non-resort areas. The law permits STRs in resort districts, such as Waikiki and Ko Olina, for less than 30 days. This ruling is significant as it maintains the status quo for existing STRs, allowing them to operate without interruption.

Taxation and Revenue

Honolulu's short-term rental owners are facing higher property taxes, with an estimated $16 million in revenue expected from these increased taxes. The city relies heavily on property taxes, with almost half of its annual revenue coming from this source. The proposed tax rate for STRs is a middle ground between bed-and-breakfast and hotel rates.

Housing Market Impact

The proliferation of STRs has been criticized for depleting the housing supply for long-term residents. This trend is particularly concerning given that Hawaii has some of the highest housing costs in the nation and a large percentage of renters. The impact is exacerbated by the fact that STRs are often more profitable than long-term rentals, which can lead to a preference for short-term over long-term housing.

Regulation and Community Response

A bill, SB2919, has been passed to allow each Hawaii county to redefine zoning ordinances and potentially convert STRs into long-term residential housing. This bill empowers counties to regulate transient accommodations, including STRs, and aims to address the housing crisis by potentially reducing the number of STRs. Governor Green has signed this bill into law, emphasizing the need for local control over vacation rentals.

The State of Short-Term Rentals in Honolulu

STRs in Honolulu are only permitted in resort-zoned areas and specific apartment-zoned areas. There are two types of STRs: Bed and breakfast homes (B&Bs) and Transient vacation units (TVUs), both of which are subject to strict regulations. Platforms like Airbnb and VRBO are also strictly regulated on Oahu.

Economic Considerations

Short-term rental income is subject to state and county transient accommodations tax (TAT) as well as general excise tax (GET), which contributes to the local economy. However, there is a concern that the commercial use of STRs strains Hawaii's limited housing inventory and exacerbates the housing crisis.

Future Discussions

Council members are expected to continue discussions on the rates of property taxes for STRs, seeking a balance that is fair to homeowners while addressing the housing supply issue. The Governor has also shown a commitment to tackling the state’s affordable housing crisis and ensuring that every family has access to safe and secure housing.

the situation of short-term rental properties in Honolulu County is complex, with legal, economic, and social dimensions. While STRs provide a source of income for property owners and contribute to the local economy, they also pose challenges to the housing market and community well-being. The ongoing discussions and legislative actions aim to find a balance that supports both the tourism industry and the housing needs of local residents.