- Oahu has one of the most expensive housing markets in the country. What specific proposals do you have to make housing more affordable?
Concentrate on true affordable rentals first.
However, placing time limits on affordable rentals with developers is kicking the can down the road. Housing affordability will only get worse in time.
I would check and see how many properties are owned by the city, state and federal and go on from there.
Singapore provided affordable rentals tied to a percentage of the tenants’ income.
It’s been estimated that it would take a 3.19 fireman, a 3.6 school teacher, or a 5.2 hotel clerk salary to afford a medium priced home in Oahu.
We don’t just have a housing issue; we have an income issue.