Hawaii's economy potentially doomed

[terracore]

The Economic Research Organization at the University of Hawaii says we're potentially doomed:

https://uhero.hawaii.edu/products/view/629

Public summary: https://uhero.hawaii.edu/assets/19Q3_SU_Public.pdf

"Hawaii’s slowing has deepened in 2019. Two years of population decline have undercut demand in many sectors. While tourism is generating impressive visitor numbers, there has been a sharp pullback in international markets. Add to that the crackdown on Oahu home vacation rentals, and prospects for further tourism growth look poor. Construction remains a bright spot, at least for now. We expect Hawaii to tread water over the next few years, vulnerable to waves that could well pull us under..."

I guess it's time to raise taxes, add regulations, and send billion dollar construction projects to the Canary islands?

[BillyB]

I wonder what the China bashing trade war has done to arrivals from China?

[randomq]

The US dollar has gained relative to other currencies, which gives us more buying power, but makes our goods (and vacations) more expensive for everyone else. I suspect between that and TAT increases and less AirBnB options we will see fewer middle class visitors from weaker economies. Perhaps Oahu/Maui can pull in more wealthy visitors, not so sure about us.

[terracore]

quote:

---

Originally posted by BillyB

I wonder what the China bashing trade war has done to arrivals from China?

---

https://www.hawaiipublicradio.org/post/c...e#stream/0

China isn't on our visa-waiver list. Also they like to smoke in public spaces, hotel rooms, and gamble while on vacation.

[PaulW]

Can't say I disagree. There is a coalition of people and government wanting to destroy Hawaii's economy and they seem to be succeeding.
Good news for the "keep it rural" folks. If the telescope continues to be blocked by people who ignore the rule of law then goodbye economy.

[randomq]

Let's legalize gambling then!

[kalakoa]

Let's legalize gambling then!

We already have legalized gambling: just try to start a business or build a house.

[Seeb]

every other municipality in the county worries about tax base. Here people just thinks money is just gonna rain from the sky

[EightFingers]

quote:

---

Originally posted by Seeb

every other municipality in the county worries about tax base. Here people just thinks money is just gonna rain from the sky

---

Some of it really does come from the sky, at least from the tourists that fly in!

Puna: Our roosters crow first