Debunking the Remote Buyer Myth. The hosts for this show are Jay Fidell and Tom Yamachika. The guests are Malia Hill and Jensen Ahokovi.
Hawaii is renowned for high housing prices. Lawmakers have blamed them on wealthy out-of-state buyers with little more than anecdotal evidence. As a result, lawmakers have proposed punishing new taxes such as an empty homes tax and steep hikes in the state conveyance tax.
But a study from the Grassroot Institute of Hawaii analyzes the evidence and debunks this theory. We hear from the people who did the research and looked at the data, and we come to different conclusions about the cause of the problem and more effective ways to address it.