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20 times the maximum amount currently allowed by Chapter 25 of the County Code. <br /> Unconstitutionally excessive penalty amounts would invite challenges for the County based <br /> on constitutional grounds if such an extreme penalty amount is adopted. <br /> Additional regulations in lieu of full enforcement of Ordinance 2018-114. <br /> Until Ordinance 2018-114 is proven effective in preserving the character of our residential <br /> and agricultural areas, reducing speculative investment in properties within these markets, <br /> and adding to housing availability for residents, further regulatory changes should NOT be <br /> considered. In conclusion, the freedom to buy, sell, and utilize property, as protected in the <br /> 5th Amendment, underlies all real estate transactions and markets. Any restrictions placed <br /> on a property owner from realizing the highest and best use of that property hinders <br /> economic growth and development and reduces freedoms inherent in our society. We <br /> understand that the solution to providing attainable and affordable housing is not easily <br /> achieved. However, creating more restrictions and regulations will not help the issue. <br /> REALTORS® are committed to working with the County and all interested parties to help <br /> create sensible solutions to the issues inherent in the housing sector. <br /> Councilmembers, thank you for your time in hearing my testimony today. <br /> ■ @quity <br /> HAWAII REAL ESTATE <br />