It's obvious. We're in an AFFORDABLE HOUSING CRISIS, and the prices are INSANELY UP. While there's a MYTH that highly believes outsiders are to blame, the Grassroot Institute of Hawaii has just published a study to confirm whether outsider demand is the culprit behind this rise in prices. In this video, I will discuss the key points of the study and figure out what the land use regulations may do with this talk. If you like that type of content, hit the LIKE and SUBSCRIBE button for more!
TIMESTAMPS
00:00 Are the Mainlanders causing the HIGH real estate prices in Hawaii?
00:35 The new STUDY of Grassroot Institute of Hawaii
01:08 Sales to locals vs mainland buyers vs foreign buyers
01:53 There's actually a DECLINE
02:28 Why is there a decline?
02:46 Lower cost of living, more out-of-state moving
03:06 Mainland buyers are not BUYING!
03:45 Increase in prices does not mean an increase in outside buyers
04:14 Land Use Policies: is it the culprit?
04:38 Higher cost of living MEANS higher cost of housing!
05:01 It's extremely hard to BUILD HOMES and REZONE LAND
05:14 Restricted SUPPLY and how it drives PRICES up!
05:26 The demand for homes is always going to be a CONSTANT
05:43 How to SOLVE affordable housing crisis
06:18 What you NEED to ask yourself AS A LOCAL
07:08 Look at the Data
#theagencyteamhawaii #exprealty #realtorlife #realestate #buybigisland #kailuakona #expproud #hawaiirealestate
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