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Exactly! Sports Authority went out of business because somebody came up with a better business model...
20 years ago internet was dialup, mostly AOL and Netscape. and a lot of people didn't have it. Should it have been banned then? Smartphones? Ha! Does anyone remember what long distance cost in the 90's...
Driverless cars will be common in 20 years - should we ban them as they'll put taxi's out of business?
The world in 20 years will look nothing like it is today except everyone complaining about how they wish it was 20 years ago.
the 70's were no picnic - try buying a house with double digit interest rates and oil embargos - anyone remember inflation? Vietnam?
the 80's - nobody remebers the Japanese running up the real estate market on Oahu?
the 90's - nobody remembers things like the first persian gulf war?
We can go on and on about the past - I don't live in the 70's, 80's, 90's etc - I choose to live in the here and now
No brah you got me all wrong. It's not living in the past, its a love for Hawai'i I have. You would understand what I'm saying if you loved Hawai'i too or was grown not flown here(I mean that with respect) . Everything changes that's the nature of life. But natural order change is different from forced or influenced change. You say you choose to live in the here and now? Not knowing that your not living in the here and now. All one has to do is listen to your words to know that you still yearn for the past and the mainland. All your political views etc are not new. They older and go further in the past then my love for Hawai'i. Look I will be the first to acknowledge that I'm not great at words or trying to describe what I'm saying. Let's try a different approach ok.
I already sent this to another poster. But most people have mentors. One of mine is Andy Bumatai and why I see him as a mentor is because when I think of someone who defines and understands what life is like in Hawai'i it's him. He's local boy made good and further he explains the words and concepts I have been trying to share better and with more success then me.
Do you have love for Hawai'i and passion for the culture? Or are you dreaming of the next outside luxury or next profit venture or thing that will change Hawai'i to be more comfortable or more Like where your from? Once again please understand that I respect your knowledge of money matters and general knowledge. Your the goto guy.
..The cost of development and housing on Oahu is staggering and it has very little to do with outsiders coming here. .
"... Hawaii has the lowest property tax rates in the country, and the Honolulu City Council is aiming to keep them that way for the upcoming fiscal year.
On the surface, that sounds good to homeowners. But could Hawaii's low property taxes actually be a bad thing?
That's what social service providers are arguing. Here's why: "Our low property taxes result in more non-residents investing in real estate, driving up prices for people who live here," said Gavin Thornton, co-director of the Hawaii Appleseed Center for Law and Economic Justice.
Roughly one fourth of all housing in the islands is owned by people who don't live here.
"That is a quarter of the housing pie that is missing for a community that's starving for affordable housing," Thornton said.
Don't we charge higher property taxes on investment properties? SF charged me oocu boocu bucks for an investment property.
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Don't we charge higher property taxes on investment properties? SF charged me oocu boocu bucks for an investment property.
Yes, on Oahu property taxes are about 3 to 4 times higher for Vacation Rental properties than for long-term residential properties. Vacation rental properties are taxed at the "Hotel/Resort" milage rate and it is significantly higher.
Quote:
Originally Posted by Blind Cleric
But could Hawaii's low property taxes actually be a bad thing?
That's what social service providers are arguing. Here's why: "Our low property taxes result in more non-residents investing in real estate, driving up prices for people who live here,"
I don't really believe property tax figures much into the decision to purchase a property in Hawaii or not for most off-island buyers. Property tax may be low but the purchase prices are high for what you get. I think the property tax is just a small factor and not a significant consideration for most people from off-island buying a property. I know it wasn't a consideration for me.
"... Hawaii has the lowest property tax rates in the country, and the Honolulu City Council is aiming to keep them that way for the upcoming fiscal year.
On the surface, that sounds good to homeowners. But could Hawaii's low property taxes actually be a bad thing?
That's what social service providers are arguing. Here's why: "Our low property taxes result in more non-residents investing in real estate, driving up prices for people who live here," said Gavin Thornton, co-director of the Hawaii Appleseed Center for Law and Economic Justice.
Roughly one fourth of all housing in the islands is owned by people who don't live here.
"That is a quarter of the housing pie that is missing for a community that's starving for affordable housing," Thornton said.
Yes that's what I figured to. But it's kinda amazing despite the evidence shown how people will still rally around and continue to support the ideals and the people who continue to display this behavior. It's like the rich are the new rock stars. Don't get me wrong, this isn't an anti rich person beef thing for me because there are many in the upper class that do care for others and understand cause and effect. But I can't help but tie this issue and other issues we discussed on this Forum recently to how Oahu is getting wealthier and the gap is getting wider. Don't ask me what the solution is besides a change in social awareness but we have kinda lost the importance of community and we vs I in our culture on Oahu. Enough said . I know people are sick of hearing that but honestly I truly believe that the solution to all these issues are found not in our current system or tax breaks etc but in our culture and values. Change those and you change the issues. Understand that the illegal airbnb, high homeless rates, drugs, historic ineptitude of our schools and politics are all symptoms to changes in our culture and values on the islands in the first place.
I know people are sick of hearing that but honestly I truly believe that the solution to all these issues are found not in our current system or tax breaks etc but in our culture and values. Change those and you change the issues. Understand that the illegal airbnb, high homeless rates, drugs, historic ineptitude of our schools and politics are all symptoms to changes in our culture and values on the islands in the first place.
At some point you will come to realize (probably not though) that most people aren't terribly interested in the "culture" you experienced in Hawaii when you left 30 years ago.
While there are some things here and there you only see Hawaii (much like some things you only see in New Orleans, New York, San Francisco, etc) our highly interconnected country has evolved Hawaii and people have evolved with it - the train has left the station and is not coming back. On Oahu especially, the local population crave anything mainland - to an obsession, shown by when a new restaurant or store opens and people line up around the block. People who have moved to Hawaii find it utterly odd this obsession with all things mainland - since much of the stuff is crap anyway.
"... Hawaii has the lowest property tax rates in the country, and the Honolulu City Council is aiming to keep them that way for the upcoming fiscal year.
On the surface, that sounds good to homeowners. But could Hawaii's low property taxes actually be a bad thing?
That's what social service providers are arguing. Here's why: "Our low property taxes result in more non-residents investing in real estate, driving up prices for people who live here," said Gavin Thornton, co-director of the Hawaii Appleseed Center for Law and Economic Justice.
Roughly one fourth of all housing in the islands is owned by people who don't live here.
"That is a quarter of the housing pie that is missing for a community that's starving for affordable housing," Thornton said.
Well, in the case of the link to the article, I would not call it "evidence".
A social Services agency at a budget meeting arguing for more tax money to grow their budget, suggests (without any evidence or study) that low property tax encourages mainland citizens to gobble up property in Hawaii .... this is not evidence ... this is just a lame suggestion in an attempt to get more money for a budget. I understand it fits with your narrative and world view. But it is not evidence.
I would suggest that low property tax makes virtually no impact on the decisions of most mainland buyers in Hawaii. And it also makes no difference to most foreign buyers (like Japan, Korea or China) either.
Hawaii already taxes owners of Vacation rental's at a much higher tax rate. That has not diminished demand for vacation rental purchases.
Hawaii already taxes foreign owners of $1,000,000+ valued properties higher than non-foreign owners of $1,000,000+ properties. That has not stopped people who can afford them from buying them.
They could put property taxes equal to most of the other States and it would make no difference to demand. All it would do is increase rents charged to residents and tourists.
At some point you will come to realize (probably not though) that most people aren't terribly interested in the "culture" you experienced in Hawaii when you left 30 years ago.
While there are some things here and there you only see Hawaii (much like some things you only see in New Orleans, New York, San Francisco, etc) our highly interconnected country has evolved Hawaii and people have evolved with it - the train has left the station and is not coming back. On Oahu especially, the local population crave anything mainland - to an obsession, shown by when a new restaurant or store opens and people line up around the block. People who have moved to Hawaii find it utterly odd this obsession with all things mainland - since much of the stuff is crap anyway.
Sir you just can't keep playing this shell game of yours. You can't complain about the rising homeless rates, illegal airbnbs, lousy education system etc and continue to defiantly support what you call progress. It's much like the alcoholic who complains about a hangover from drinking so much! Stop drinking! Lol.
You are aware that Hawai'i is behind the rest of the world on somethings? I believe it was still just 30 years ago that tv shows were still aired a week behind the mainland. So what would that say about marketing and commercialism and it's effects on the islands and it's people? No doubt people are obsessed with mainland things. You are lucky sir, you now get to see first hand what lack of cultural pluralism does and the effects of it on an indigenous culture or people. Of course you wont see the full effect because western culture has always been part of the culture on the islands just not to the extent currently. Anyway commercialism and materialism can be an addiction much like drugs. What your talking about is just the new flavor of drug introduced. But I agree most stuff now a days is garbage. Aloha
Ps: Since you brought up other cities in your example to me. Try to examine our country as a whole, look at our prison population, our homeless problems etc and examine the rising issues on the islands. We are not a third world country economic wise. So how is the "me" culture working out for everyone?
Also examining this doesn't mean your not a patriot to our county. I support the founding principles of our country.
Well, in the case of the link to the article, I would not call it "evidence".
A social Services agency at a budget meeting arguing for more tax money to grow their budget, suggests (without any evidence or study) that low property tax encourages mainland citizens to gobble up property in Hawaii .... this is not evidence ... this is just a lame suggestion in an attempt to get more money for a budget. I understand it fits with your narrative and world view. But it is not evidence.
I would suggest that low property tax makes virtually no impact on the decisions of most mainland buyers in Hawaii. And it also makes no difference to most foreign buyers (like Japan, Korea or China) either.
Hawaii already taxes owners of Vacation rental's at a much higher tax rate. That has not diminished demand for vacation rental purchases.
Hawaii already taxes foreign owners of $1,000,000+ valued properties higher than non-foreign owners of $1,000,000+ properties. That has not stopped people who can afford them from buying them.
They could put property taxes equal to most of the other States and it would make no difference to demand. All it would do is increase rents charged to residents and tourists.
No but the point of 1/4 of the housing owned by people who don't live on Hawai'i is. And other links on this thread. Of course you overlooked that this isn't a beef on the upper class. I know a lot who care about others etc. But continue denial of the issue and supporting ideals and a system who continues to support the current cycles are just begging for more of the same.
Of course one could have one hundred articles and studies supporting something your group doesn't believe in or support and it would be poo-pooed away with something so frivolous as "you don't live here" despite that the reason you bring up evidence or news reports etc is to prove its not just you saying something or your opinion. What's wacky is most of the stuff linked is from people who are living on island outside of CDF Hawaii or people's narratives here
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