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Updated over 8 years ago on . Most recent reply

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30
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6
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Dede Christensen
  • Property Manager
  • San Mateo, CA
6
Votes |
30
Posts

This will bury Hawaii RE investing

Dede Christensen
  • Property Manager
  • San Mateo, CA
Posted
http://hawaiitribune-herald.com/news/local-news/visitor-industry-wary-proposed-education-surcharge $7.50 per 1000 property tax on investment and vacation properties over $2m! This will destroy the Hawaii real estate market!

Most Popular Reply

User Stats

73
Posts
47
Votes
Jordan Sunshine
  • Real Estate Investor
  • Honolulu, HI
47
Votes |
73
Posts
Jordan Sunshine
  • Real Estate Investor
  • Honolulu, HI
Replied

I think if anything this would just make apartment condo rents rise. long term us getting extra rents from our investments would be a good thing for investors here in hawaii. 

Obviously bad for thoes who dont own a property and now have to pay more in rent so property owners can pay that tax but id much rather see the children in hawaii have a better school system. On that note the money itself to our current hawaii government for our school system wont do jack $#!^ but once a new government and younger people start stepping in to the right seats we will see good use of that money. For now its just a burden until we get rid of our crappy hawaii government as a whole.

For any of the younger generation reading this in Hawaii, i strongly urge you to think about taking a seat in our government so we can slowly start to change our horrible hawaii ways. I know i plan on running when i get the funds!

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