I swear there was one guy who predicted this in a post here like right after the fire happened. He even said it sounded crazy/conspiratorial and here we are.
I remember that and thinking he was probably right but hoped maybe something good would happen. That was foolish clearly
I mean, I don’t think the fire was set for this purpose, but this is exactly what a capitalist does in a situation like this.
It’s not conspiratorial to recognize how profiteers will see a tragedy as an opportunity.
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This is the best summary I could come up with:
HONOLULU (AP) — Residents who survived the wildfire that leveled the Hawaii town of Lahaina might not be able to afford to live there after it is rebuilt unless officials alter the zoning laws and make other changes, economists warned Friday.
Soaring housing prices have already forced many Native Hawaiians and other longtime Hawaii residents to leave the islands and move to the U.S. mainland.
The wildfire that claimed at least 97 lives and destroyed 2,200 buildings in the West Maui community of Lahaina — 86% of which were residential — amplifies that problem for the survivors.
A spike in housing costs would be a further burden for people — including retirees and those who worked in restaurants, hotels and shops — who lost their homes and jobs when their places of employment burned to the ground on Aug. 8, or when West Maui temporarily closed to tourism after the disaster.
At a news conference on Thursday at the state Capitol, Green stressed that the displaced survivors won’t be forced out of hotels to make room for tourists, with October typically being a slow month for tourism.
“Outsiders should not have the opportunity to grab land or properties because emotions are running high, so everyone is vulnerable,” Melody Lukela-Singh, whose home on Lahaina’s renowned Front Street burned, said recently.
The original article contains 817 words, the summary contains 219 words. Saved 73%. I’m a bot and I’m open source!
This is something to keep an eye on from this disaster. I hope some good policy and solutions get put in place to get proper housing back in place for the working locals.
Did they not have insurance? Shouldn’t they have ample money to rebuild? I don’t understand.
“Market prices for this new housing are likely to far exceed the already high prices that existed in Lahaina before the fire. For renters, the old housing stock that was destroyed provided opportunities for reasonable rents,”
I think this is the issue. Poor folks live in older buildings. Can’t rebuild new old, run-down cheap neighborhoods.
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