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About 30,000 of Hawaii’s 557,000 total housing units, or 5.5%, are short-term rentals, compared to cities like Las Vegas, where only 3% are short-term rentals, the report said.
Hawaii's governor wants condos and homes normally rented to Maui tourists converted to long-term housing for displaced wildfire survivors.
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
Ko Olina Resort is a 642-acre (2.60 km 2) master-planned vacation and residential community on the leeward coast of Oahu, 17 miles (27 km) west of Honolulu. [3] Ko Olina has 2 miles (3.2 km) of coastal frontage and includes three natural and four man-made lagoons with white-sand beaches.
Long-term plans in the area include a new elementary school, the building of nearly 1,000 DHHL homes, and housing and commercial uses for land owned by the University of Hawaiʻi. The station is located a five-minute walk from Ko‘oloa‘ula, a 308-unit affordable rental apartment complex, and Ka‘uluokaha‘i, a DHHL subdivision of 150 homes ...
The late actor’s home was officially sold for $8.5 million nearly one year after his sudden death on Oct. 28, 2023 Reuters 3 months ago US pending home sales jump the most in more than four ...