Report: Vacation Rentals Impact on Maui

Hawaiʻi’s housing costs are among the highest in the nation with workers earning the lowest wages in the country after accounting for cost of living.

Data from the report shows that:

– 43% of Hawai‘i residents are renters, the fourth highest percentage in the nation
– Rent is more expensive in Hawai‘i than any other state
– In recent years, rents have been increasing at more than twice the rate of wages
– Hawai‘i has the highest rate of homelessness in the nation
– In 2016, almost 13% of homeless services clients came from homes they were unable to retain

…The report adds that 1 in 7 housing units on Maui is a vacation rental unit. In Lahaina, it is 1 in 3.

Maui Now : Report: Vacation Rentals Impact on Maui

sigh….

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