Time for rent control to reduce homelessness
The recent story about the study citing the extent of lost tax revenue should the much-needed reigning in of vacation rentals be enacted, did not present the whole picture. It did not, for example, ask visitors if they wouldn’t come if they had to stay in hotels. It didn’t take into consideration what the additional places for residents to live, instead of experiencing houselessness, would have on the tax revenue situation. It didn’t investigate how many vacation rentals are owned by Maui residents as opposed to off-island corporate owners. Our residents are the victims ...