These must-have Insider Deal household items are at unbeatable prices!Papakea Resort is seen on Monday, June 24, 2024, in Lahaina, Hawaii. Instead, he wants the units rented long-term to people who live on Maui to address a chronic housing shortage that intensified after last Augusts deadly wildfire. – Alicia Humiston bought her condo in Lahaina after she visited Maui and fell for its rainforests, lava fields and the whales that gather offshore.
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 to long-term rentals. “It would take my ability to use my property. And I bought it for my use," she said."I love it there.”
The county collects $500 million in real property taxes annually and more than 40% comes from short-term rentals, which are taxed at a higher rate than owner-occupied residences, she said.