A Solution to Hawaii's Housing Crisis? (rental, condos, home)

[Tulemutt]

And another land for locals idea hits the news
https://www.kitv.com/news/local/a-so...053e0f484.html

[whtviper1]

I personally don’t think more leasehold is a great idea.

[Dthraco]

99 year leasehold condos are home ownership with only the perks of being able to modify and paint as you wish. Everything else would be controlled by the association and any possible hope for appreciation dashed by raising condo and leasehold dues.

[prospectheightsresident]

I'm torn on leaseholds, but ultimately support a certain percentage of properties being leaseholds as a way of making housing more affordable for working to middle class families.

Would I ever buy a leasehold? I can think of some instances where I would, but I hope to never be in such a situation where that's the best option for me.

[whtviper1]

Originally Posted by prospectheightsresident

I'm torn on leaseholds, but ultimately support a certain percentage of properties being leaseholds as a way of making housing more affordable for working to middle class families.

Would I ever buy a leasehold? I can think of some instances where I would, but I hope to never be in such a situation where that's the best option for me.

Instead of making it a leasehold - you simply make it a rental at a much lower monthly cost - a leasehold adds large unnecessary fees that only benefit the lease holder

If you truly are making affordable housing - you take the lease aspect out of it.

[TAM1972]

Originally Posted by whtviper1

Instead of making it a leasehold - you simply make it a rental at a much lower monthly cost - a leasehold adds large unnecessary fees that only benefit the lease holder

If you truly are making affordable housing - you take the lease aspect out of it.

In order to make housing affordable ie cheap somebody has to take the financial loss. Who is it going to be?

[whtviper1]

Originally Posted by TAM1972

In order to make housing affordable ie cheap somebody has to take the financial loss. Who is it going to be?

Obviously the State - since it is State housing - but since the State cannot run a budget deficit, it would find revenue elsewhere.

[Tulemutt]

Originally Posted by whtviper1

Instead of making it a leasehold - you simply make it a rental at a much lower monthly cost - a leasehold adds large unnecessary fees that only benefit the lease holder

If you truly are making affordable housing - you take the lease aspect out of it.

Without arguing any favor for leasehold, I’ll point out that “leasing” is “renting”.

[TAM1972]

Originally Posted by whtviper1

Obviously the State - since it is State housing - but since the State cannot run a budget deficit, it would find revenue elsewhere.

In other words, the residents.

My point is when someone gets something for less than market value, often due to gov. mandate, somebody else takes a loss in one way or another.

[TAM1972]

Originally Posted by tulemutt

without arguing any favor for leasehold, i’ll point out that “leasing” is “renting”.

10-4. However leasehold generally applies to the land only, not the improvements, i.e. the building.