Investors Alert Maui Housing Gems With High Rental Potential

Even before the fire, university of hawaii researchers say so many property owners were renting to tourists — and so few new dwellings were being built — that maui county suffered a net loss of. By cammy clark / july 23, 2024. Thousands of displaced locals were temporarily housed in hotels. There was agreement that the island is in an affordable housing crisis but not over the impact of the administration’s proposed ordinance, which would eliminate about 7,000 vacation rentals —. Transitioning them would boost maui’s residential housing stock by 13%, which tyndall said would almost certainly lead to lower buying prices and rents.

Maui’s mayor wants condo owners to rent their properties to locals to address a chronic housing shortage made worse by last august’s deadly wildfires. Transitioning them would boost maui’s residential housing stock by 13%, which tyndall said would almost certainly lead to lower buying prices and rents. Maui mayor richard bissen believes that under his proposal, those lower rents would keep locals on maui because absentee landlords would be forced to either sell their units or convert them.