LOCALS in My Backyard
@limbyhawaii.org
A hui advocating for a housing market that serves kama'aina and kanaka: not investors or crybabies. Not YIMBY, not NIMBY, 𝓛IMBY!
👉https://limbyhawaii.org
👉https://limbyhawaii.org
Shout out to the big five.
March 12, 2025 at 11:23 PM
Shout out to the big five.
4. Leverage the equity we are buying. Rsale price should start at purchase price - the equity we invested
5. Use a waiting list, which means that funds go to those who have waited longest and are more likely to be local
6. Have wealth limits so that this goes to those who need it 7/
5. Use a waiting list, which means that funds go to those who have waited longest and are more likely to be local
6. Have wealth limits so that this goes to those who need it 7/
February 27, 2025 at 2:06 AM
4. Leverage the equity we are buying. Rsale price should start at purchase price - the equity we invested
5. Use a waiting list, which means that funds go to those who have waited longest and are more likely to be local
6. Have wealth limits so that this goes to those who need it 7/
5. Use a waiting list, which means that funds go to those who have waited longest and are more likely to be local
6. Have wealth limits so that this goes to those who need it 7/
Here's how you make this work (we said as much in testimony)
1. Don't let buyers own other real-property (or disguise such via LLCs)
2. Require owner occupancy
3. Re-sale of property should be tied to a re-sale formula so home values can't double in 5 years (like they did on BI recently).
6/
1. Don't let buyers own other real-property (or disguise such via LLCs)
2. Require owner occupancy
3. Re-sale of property should be tied to a re-sale formula so home values can't double in 5 years (like they did on BI recently).
6/
February 27, 2025 at 2:06 AM
Here's how you make this work (we said as much in testimony)
1. Don't let buyers own other real-property (or disguise such via LLCs)
2. Require owner occupancy
3. Re-sale of property should be tied to a re-sale formula so home values can't double in 5 years (like they did on BI recently).
6/
1. Don't let buyers own other real-property (or disguise such via LLCs)
2. Require owner occupancy
3. Re-sale of property should be tied to a re-sale formula so home values can't double in 5 years (like they did on BI recently).
6/
This bill purports to be about encouraging kama'aina homeownership. It claims to be about affordability. But it aint. It could be, but it ain't. The bill gives homeowners hundreds of thousands of dollars. And basically just hopes that things become affordable for locals after that? What? 5/
February 27, 2025 at 2:06 AM
This bill purports to be about encouraging kama'aina homeownership. It claims to be about affordability. But it aint. It could be, but it ain't. The bill gives homeowners hundreds of thousands of dollars. And basically just hopes that things become affordable for locals after that? What? 5/
Look a lot of kama'aina already buy market rate housing. Seriously, like a couple hundred thousand. This doesn't make that housing more affordable. They can still sell it among themselves. Homes could still all just float at 200% of AMI. It just gives new and existing homeowners money. 4/
February 27, 2025 at 2:06 AM
Look a lot of kama'aina already buy market rate housing. Seriously, like a couple hundred thousand. This doesn't make that housing more affordable. They can still sell it among themselves. Homes could still all just float at 200% of AMI. It just gives new and existing homeowners money. 4/
Here's another. Some yokel just moved here (resident ✅). They have a remote job with Amazon (biz with physical presence ✅). Can they use this program? Yes. And hey when they resell it later, it can be to someone just like them. Or even someone who already owns a home in Hawaii! 3/
February 27, 2025 at 2:06 AM
Here's another. Some yokel just moved here (resident ✅). They have a remote job with Amazon (biz with physical presence ✅). Can they use this program? Yes. And hey when they resell it later, it can be to someone just like them. Or even someone who already owns a home in Hawaii! 3/
Here's a scenario possible under this bill. You are a small-time Hawaii landlord. You buy a home with via this program, use the funds to build an ADU, and then rent out the main house as an AirBnB and the ADU to a single-person. That's legal (presuming you're in the right zoning district). 2/
February 27, 2025 at 2:06 AM
Here's a scenario possible under this bill. You are a small-time Hawaii landlord. You buy a home with via this program, use the funds to build an ADU, and then rent out the main house as an AirBnB and the ADU to a single-person. That's legal (presuming you're in the right zoning district). 2/
There’s prolly enough nuance here to get us into trouble, but generally we’re not big into tossing out environmental protections as the big issue isn’t that but market structure. It’s a total false narrative as you say. What we should be doing is fully staffing and fairly compensating relevant depts
January 31, 2025 at 6:15 PM
There’s prolly enough nuance here to get us into trouble, but generally we’re not big into tossing out environmental protections as the big issue isn’t that but market structure. It’s a total false narrative as you say. What we should be doing is fully staffing and fairly compensating relevant depts