Solutions For RealSolutions For Real
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Mortgage rates hold steady, Freddie Mac says

May 9, 2025

Create An “Emergency – 911” Envelope

May 9, 2025

7 Diseases That Strike Women More Often Than Men — and Why

May 9, 2025
Facebook Twitter Instagram
Trending
  • Mortgage rates hold steady, Freddie Mac says
  • Create An “Emergency – 911” Envelope
  • 7 Diseases That Strike Women More Often Than Men — and Why
  • 10 Money Mistakes Everyone Should Avoid for Financial Health
  • 6 Warning Signs You’re Botching Best Way To Save Money and Don’t Know It
  • Fed holds interest rate steady as it waits to see impact of tariffs
  • Why Your Company’s AI Strategy Is Probably Backwards
  • IBM CEO: AI Replaced Hundreds of Human Resources Staff
Friday, May 9
Facebook Twitter Instagram
Solutions For RealSolutions For Real
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Solutions For RealSolutions For Real
Home » Hawaii governor warns developers against predatory land buying in devastated Lahaina
News

Hawaii governor warns developers against predatory land buying in devastated Lahaina

News RoomBy News RoomAugust 17, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Hawaii Gov. Josh Green is warning developers from the mainland United States and around the world not to buy up land in the wake of catastrophic wildfires that have destroyed the historic town of Lahaina.

Green said in a video statement Tuesday said the Hawaii state government is considering acquiring land in Lahaina “to protect it for our local people so it’s not stolen by people on the mainland” U.S.

The wildfires have devastated Lahaina, a town in Maui of about 13,000 people. At least 106 people had died in the blaze as of Tuesday and thousands more are homeless. The inferno destroyed more than 2,700 structures at an estimated value of $5.6 billion, according to the governor.

The blaze is the deadliest wildfire in the U.S. in more than century and the worst natural disaster in Hawaii state history.

Green said last week that Lahaina will have to be completely rebuilt, a process that will take years. In the meantime, residents are worried that outside developers will swoop in to buy up the valuable land once the reconstruction process starts.

Lahaina carries deep historical significance for Hawaii’s native culture. The town was the capital of Hawaii in the early 19th century when the islands were an independent kingdom. The seat of government moved to Honolulu in 1850, several decades before the U.S. annexed the islands in 1898.

“We will be making sure that we do all that we can to prevent that land from falling into hands of people from the outside. It’s not easy to do in some cases,” Green said. “You can be sure I will not be allowing anyone to build or rezone or do anything of that sort if they’ve taken advantage of anyone here.”

Green said Monday that he has asked the state attorney general to explore options for placing a moratorium on sales of properties that have been damaged or destroyed during the wildfires.

The governor said in his Tuesday video that he also ordered the attorney general to embed lawyers at response centers to provide free legal advice to Lahaina residents to make sure they are not taken advantage of by people who make offers to buy their land in the wake of the blaze.

Maui is one of the most popular tourist destinations in the state, with nearly 3 million visitors spending about $5.7 billion on the island in 2022. But residents of the island struggled with a high cost of living and a housing shortage long before the wildfires struck.

Inventory for single-family home sales in Maui was down nearly 40% in July compared to the same period in 2019, according to data from the Realtors Association of Maui. The median price for a single family home in Lahaina was $1.3 million in July before the wildfires, according to the data.

Hawaii has the highest cost of living in the U.S. The state had the fourth highest homelessness rate in the nation in 2022, according to the Department of Housing and Urban Development.

Green said Tuesday more than 500 hotel rooms and 435 donated rentals are available to temporarily house people as Lahaina rebuilds. Airbnb will also provide more than 1,000 units, the governor said.

President Joe Biden declared a major disaster in Hawaii last week, which unlocked emergency assistance for the island. The assistance includes grants for temporary housing and home repair and low-cost loans to cover uninsured property losses.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Lucid shares tumble following public offering of nearly 262.5 million shares

News October 17, 2024

Harris distances herself from Biden, bashes Trump in tense Fox News interview

News October 17, 2024

Alibaba’s international arm says its new AI translation tool beats Google and ChatGPT

News October 16, 2024

I bought a $54,000 abandoned house in Japan and turned it into a luxury Airbnb—take a look inside

News October 16, 2024

Trump’s crypto coin goes on sale with Election Day just three weeks out

News October 15, 2024

Cramer’s Lightning Round: Uranium Energy is ‘the real deal’

News October 15, 2024
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Create An “Emergency – 911” Envelope

May 9, 20250 Views

7 Diseases That Strike Women More Often Than Men — and Why

May 9, 20250 Views

10 Money Mistakes Everyone Should Avoid for Financial Health

May 9, 20250 Views

6 Warning Signs You’re Botching Best Way To Save Money and Don’t Know It

May 9, 20250 Views
Don't Miss

Fed holds interest rate steady as it waits to see impact of tariffs

By News RoomMay 9, 2025

The Federal Reserve is keeping rates steady at its targeted range of 4% to 4.25%…

Why Your Company’s AI Strategy Is Probably Backwards

May 9, 2025

IBM CEO: AI Replaced Hundreds of Human Resources Staff

May 9, 2025

NBA Hall of Famer Paul Pierce Just Walked 20 Miles to Work

May 9, 2025
About Us
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

Mortgage rates hold steady, Freddie Mac says

May 9, 2025

Create An “Emergency – 911” Envelope

May 9, 2025

7 Diseases That Strike Women More Often Than Men — and Why

May 9, 2025
Most Popular

American Eagle’s stock takes flight after Wall Street’s biggest bear says its time to stop selling

November 16, 20232 Views

Mortgage rates hold steady, Freddie Mac says

May 9, 20250 Views

Create An “Emergency – 911” Envelope

May 9, 20250 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Solutions For Real. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.