Off the News: non-resident buyers are changing life in Hawaii Honolulu Star advertiser
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Over the last decade, around 5,000 units have been sold across the state, with about a quarter of the inventory being picked up by non-residents, according to Eugene Tian, chief economist for the Ministry of Commerce, Economic Development and Tourism.
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Over the last decade, around 5,000 units have been sold across the state, with about a quarter of the inventory being picked up by non-residents, according to Eugene Tian, chief economist for the Ministry of Commerce, Economic Development and Tourism. About 200 went to foreign buyers, the balance went to residents of other states.
While non-resident purchases represented 15% of sales on Oahu, this was more than 40% on Maui, Kauai and the island of Hawaii. A strong show among California residents in this division should not be surprising. The property tax rate for 2019 there was more than twice as high as the rate of Hawaii, which is the lowest in the nation.
Islands already say ‘rain, rain, go away’
It rained a bit at the weekend, so repair projects on the Pali and Kuhio motorways fell back. Oh, did you notice that?
Hilo people have certainly noticed it, even considering that their city, as the wettest in America, gets a lot of rain all the time. On average the annual rainfall approaches 130 centimeters. They received almost a quarter of that total in the one, seemingly endless storm of the past weekend. In terms of flooding, Hurricane Lane was worse in August 2018 … but it’s only January. This can be a record year.
I agree with that