Kauai Rentals

Lawmakers are considering making it easier for counties to do away with short-term rentals altogether.

Green alluded to this situation in his State of the State speech in January. After discussing the housing crisis the August wildfires created on Maui, Green spoke about the state’s broader shortage of affordable housing

“Our state is such a desirable destination, and such a profitable investment for many, that people from around the world have purchased property to hold as investments or rent as short-term Kauai rentals to visitors — making on average four times what they would if the property was simply rented to a local family,” Green said. “Right now, 52% of all short-term rentals in Hawaii are owned by non-state residents, and 27% of short-term rental owners own 20 or more units.”

Currently, 5.5% or 30,000 of Hawaii’s 557,000 total housing units operate as short-term rentals, according to the University of Hawaii Economic Research Organization’s “Hawaii Housing Factbook,” published in June.

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