The cost to live in Lahaina on the Hawaiian island of Maui keeps rising thanks to a chronic housing shortage and an influx of second-home buyers and wealthy transplants snatching up properties.
That is actually an excellent point. Rich investors are going to descend on this situation like parasites.
I was telling my partner that this morning. What happens after this kind of event is a bunch of people with trauma are gunna sell for cheap just to get away from the reminders. This place is going to turn into a condo resort.
Sad but true. My partner and I had just started planning another trip there for October. Was such an awesome little place. I feel absolutely horrible for everyone there.
No need to worry. That’s exactly what will happen.
Reminds me of what happened to New Orleans after Katrina. I hope the people who actually lived there can continue to do so if they want.
I really hate that we know what is gonna happen and it makes me beyond sick to my stomach. A lot of people who are native to Maui are not going to afford to rebuild, because of vacationers and second home buyers. Investors and private equity is going to swoop in and offer what seems like giant sums to them but is pennies to the investors.
Naomi Klein’s shock doctrine
