Hawaii governor says state is looking to 'acquire land' destroyed in fires
thepostmillennial.com
thepostmillennial.com
Why insult people that are looking to purchase land on the island? Last time I checked Hawaii was part of America, they are not different people. Plus it sounds like the state is just going to seize the land from the families that own it and dictate what can be done with it? This seems pretty suspect and very much a "lets change the law, remove people's rights so I can look like a hero in the moment to the voters that were not affected and damn the long term consequences and well being of those that currently own the land"
"That's our job."
"I'm already thinking of ways for the state to acquire that land so that we can put it into workforce housing, to put it back into families, or make it open spaces in perpetuity as a memorial to the people who were lost," Green said while standing amongst the rubble."
If state really wanted to pay fair price, it wouldn't have to prevent other buyers. It would just out-bid them.
This is the reason there is regulation and not just the invsible hand
There's a group of people on the opposite end of the trade perpetually getting shafted.
You're claiming that the state is going to overpay vs the moguls? That's a handout to the home owners.
Developers are going to buy the land to develop it & rent or re-sell it. If they did so, that would benefit new entrants (buyers, renters).
But I guess we're not allowed to indirectly let developers have any benefit? Are developers are inherently evil?
Why do home owners deserve a handout? Why should owning a home have no risk, and any losses are socialized onto renters while all gains are kept for the owners?