economie

Maui could soon ban some Airbnbs. Short-term rental owners say it will be financially devastating for them.

Maui could soon phase out some 7,000 vacation rentals to add to the permanent housing supply.

  • A proposed plan in Maui would phase out 7,000-plus short-term rentals to address housing shortages.
  • Rental owners say their property values will tank. One said his family may have to leave Maui.
  • Experts say the ban would increase the long-term housing supply and likely reduce housing prices.

Andrew Church has lived on .

Read the original article on Business Insider

https://www.businessinsider.com/maui-short-term-rental-owners-ban-financially-devastating-minatoya-list-2024-8