pwrshift

Hawaiian Vacation Rentals Face Closure : Condé Nast Traveler on Concierge.com

I received this from my rep at Ritz Carlton Kapalua after mentioning DC's to him. Thought you might find it interesting.

LTTravel

That would make DC's with homes in Hawaii even more desireable. I would suspect they are licensed to use the homes.

GregGH

Interesting article .... especially the last paragraph

.... "Still, islanders who live year-round on Hawaii's beachfronts say that these vacation rentals are more like small hotels than homes and don't belong on their streets. Lisa Marten is tired of sharing her real life in the Lanikai neighborhood of Kailua, Oahu, with jet-lagged vacationers who awaken at two in the morning and party on the beach. "I don't mind hearing 'Margaritaville,'" she says, "but after the fourth night, I'm thinking: I'm not on vacation even if you are.""

I have wondered what neighbors would think when a DC buys a house next door to you ... ? You paid big $$ for the home--and now your neighbors are people who come and go in 7 day spurts ??? It is one thing to meet the neighbors once -- but to meet new neighbors every 7 days ... hmm ... and while most DC members will be great -- not all are.

Maybe this is less of a problem in a condo - but in houses .... gee ... imagine your own neighbor hood .... the next door guy sells and you see what I mean when it happens in your back yard ?? No??

Not bashing DC's - just trying to fair and balanced. If the whole neighborhood are other DC's - ok - but if you are next door to 'non-vacationers', people just trying to live in a time span of more than 7 days ... you have to see problems at some point.

Greg

Tedpilot

I think the governing institutions out there need to be very careful as they could quickly find themselves on a slippery slope. The image or idea alone that they're going to close down such vacation entities, true or not, will drive a lot of people to seek other venues or not visit the islands altogether. That in itself could be a significant monetary impact. I'd be curious to see the actual verbiage that some of these governing entities are considering to use...and the lawyers will be too.

LTTravel

I agree with Tedpilot. If they close down alot of these homes, they may need to be sold. This will significantly drop the value of the properties and put the homeowners in an precarious position, get rid of the renters and watch the real estate market drop or keep the renters and maintain the prices. I think what is a problem is that many of these home renters are not regulated and do not pay taxes. I don't know if the Hawaiian government is restricting this or just want to regulate it.
I also think that most homes by DC's are in developments of multimillion dollar homes that are second and third homes for many of the owners, not full time residences for the locals. So I don't see this as much of a problem for them. The Villas at the Wailea for example, or the new homes that ER are building ar not in residential areas but in resorts.

Kagehitokiri

in addition to LTTravel's above point, there are also plenty of top developments that are club based, and do not allow rentals etc, or OTOH places like miami where the municipal government banned rentals of less than 6 months in certain areas. minimum leases at condos vary as well.