Hawaii Gov. Josh Green said Thursday his administration has opened several investigations into people who have allegedly made unsolicited offers for property in the fire-stricken Maui town of Lahaina in violation of a new emergency order.
Green prohibited such offers by signing an emergency proclamation on Aug. 19 aimed at preventing land in the historic coastal community from flowing into the hands of outside buyers. The order aims to give residents some “breathing room” as they decide what to do next, Green said in an interview with The Associated Press.
Even before the Aug. 8 fire, Lahaina was a rapidly gentrifying town and there’s been widespread concern since that Native Hawaiians and local-born residents who have owned properties in their families for generations might feel pressured to sell.
You say that, but what happens is they but from whoever is willing to sell, them muscle out the rest, the act of selling also diminishes the community to a point where it can no longer sustain itself. Then when they develop the property taxes go up for those who didn’t sell to the point where they may as well sell since they can’t afford to live in their home. Real estate firms are a racket.
That’s just called economics. Every time someone sells, the prices are adjusted up or down depending on supply and demand. As long as there isn’t fraud or theft, It happens every day of the year, all around the world.