Quantcast
  

Sunday, September 14, 2014         

TO ACCESS SUBSCRIBER CONTENT:
Current Print Subscribers
ACTIVATE account
- OR -
LOGIN or SUBSCRIBE
for full digital access

Facilitate more rental housing


POSTED: 01:30 a.m. HST, Aug 06, 2014

~~<p>The lack of affordable rental housing is a perennial issue in the City &amp; County of Honolulu. There is limited land on which to build; developers can reap bigger profits building luxurious second homes for wealthy visitors than they can constructing modest rentals for local families; military folks with housing allowances may drive up rents in select neighborhoods; and dwellings that might otherwise be available on the long-term market instead bring in more cash as illegal vacation rentals.</p>
<p>Given that Hawaii's tourist economy includes many service-sector jobs that don't pay all that well, many households devote more than the recommended 30 percent of monthly income toward rent, and others are priced out of the market altogether. The persistent problem has mushroomed into a full-blown crisis, one that is evidenced by more than Oahu's growing and obvious homeless population.</p>
~~

The lack of affordable rental housing is a perennial issue in the City & County of Honolulu. There is limited land on which to build; developers can reap bigger profits building luxurious second homes for wealthy visitors than they can constructing modest rentals for local families; military folks with housing allowances may drive up rents in select neighborhoods; and dwellings that might otherwise be available on the long-term market instead bring in more cash as illegal vacation rentals.

Given that Hawaii's tourist economy includes many service-sector jobs that don't pay all that well, many households devote more than the recommended 30 percent of monthly income toward rent, and others are priced out of the market altogether. The persistent problem has mushroomed into a full-blown crisis, one that is evidenced by more than Oahu's growing and obvious homeless population. Login for more...



Login or sign up below for the complete story

Print Subscribers
ACTIVATION
Current print subscribers, activate your premium content account for unlimited online access & commenting
New Subscribers
Find subscription offers in your area and choose the package that suits your reading preferences.

14-DAY PASS
14 day premium online access and commenting ability on StarAdvertiser.com