02-03-2018, 04:03 PM
"I don't believe it's legal to strictly discriminate against out of state owners though."
I don't have a comment about out-of-state owners, but foreign investors? Japanese and now some of the Chinese? We should quadruple the taxes on these folks.
Japanese investment in Hawaii real estate, while it has indeed brought trickle-down benefits, has had a key role in raising our cost of living. These deep-pocket folks could pay way more taxes.
I bet these investors have preemptively dealt with this by bribing key legislators who control tax policy (in an up and up manner by hiring Hawaii attorneys as "consultants" for real estate or other transactions. Most Hawaii legislators are attorneys or have links to law firms.)
I don't have a comment about out-of-state owners, but foreign investors? Japanese and now some of the Chinese? We should quadruple the taxes on these folks.
Japanese investment in Hawaii real estate, while it has indeed brought trickle-down benefits, has had a key role in raising our cost of living. These deep-pocket folks could pay way more taxes.
I bet these investors have preemptively dealt with this by bribing key legislators who control tax policy (in an up and up manner by hiring Hawaii attorneys as "consultants" for real estate or other transactions. Most Hawaii legislators are attorneys or have links to law firms.)