03-20-2018, 04:03 AM
The costs associated with this bill makes it pretty hard for local people to compete with outside buyers. If you have to sell a house that needs an upgrade and you're buying one that needs an upgrade, that's a lot of extra price differences between someone coming in from out of state. As anyone knows these fees get taken out of somewhere, either the buyer or the seller or both. If the buyer pays, they are probably going to pay less for the house. If the seller pays, they are going to have to list at a the market price and take a hit. It's a complicated scenario to deal with. Considering Puna has the most sales in all of Hawaii, we'll be impacted the most and we have very little representation power on Oahu.