When the state Senate passed a bill to tax hedge funds buying up local homes, it wasn’t just making a policy argument. It was making a point. Senate Bill 1033 targeted large institutional investors managing at least $50 million in assets — the kind of entities that might purchase dozens of single-family homes to rent … Continue reading Beth Fukumoto: Why Hawaiʻiʻs Housing Market Keeps Slipping Away From Locals
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Beth Fukumoto: Why Hawaiʻiʻs Housing Market Keeps Slipping Away From Locals
When the state Senate passed a bill to tax hedge funds buying up local homes, it wasn’t just making a policy argument. It was making a point. Senate Bill 1033 targeted large institutional investors managing at least $50 million in assets — the kind of entities that might purchase dozens of single-family homes to rent … Continue reading Beth Fukumoto: Why Hawaiʻiʻs Housing Market Keeps Slipping Away From Locals