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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.
He said Maui alone has 7,000 short-term rentals, and 2,200 are in West Maui, where much of the devastation occurred. “If this works, 2,200 additional rental units will be available, plus ...
In 2019, Pine supported legislation to limit short-term vacation rentals [30] that negatively impacted many residential neighborhoods and constrained the rental housing market by taking units offline. The hospitality industry also blamed vacation rentals for suppressed growth in tourism-related dollars. The bill became Ordinance 18 (2019). [31]
Ground rent – Rent for the ground where a tenant can do property development; Lend-lease – WWII program to provide U.S. allies with free armaments; Rule against perpetuities – Legal rule prohibiting very long temporary interests in property
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.
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