Keeping with the group’s recent trend of reaching well beyond Kailua-Kona, investors from across the Big Island assembled on the evening of the 16th for the August West Hawaii REIA meeting. There were 18 in attendance at Honua Studios. Bruce Pratt got the evening started with the monthly market update, which clearly showed how the housing market has been impacted by recent volcanic activity. The guest speaker for the meeting was County Council member Karen Eoff, who represents North Kona. Karen updated those in attendance on Bill 108, which is the county’s effort to regulate unhosted vacation rentals. She also gave some insight into the economic recovery efforts in Puna related to the recently slowing lava flows. Karen rounded out her remarks by briefly discussing the ongoing cesspool to septic system conversions and moves by the county to streamline the building permit process. Following Karen’s talk the group took a few minutes to discuss the upcoming inclusion on the November ballot of a constitutional amendment which aims to tax investment properties to help in funding Hawaii public schools. Victor Leonardi rounded out the evening with an excellent deal analysis of one of his recent Oahu condo renovations and his usual “In the News” segment.
Information sheets on Bill 108 and the proposed constitutional amendment are included in this month’s archives in the “Pending Legislation” folder.