Laserfiche WebLink
From: John Morton <br /> To: LPCtestimonv <br /> Subject: Concerns Over Bill 121 Impacting Future Investment in Hawai"i <br /> Date: Monday,April 15,2024 4:04:17 PM <br /> Aloha Chairperson Lin & Commission Members, <br /> My husband and I recently moved to the Big Island from Los Angeles, investing in a <br /> vacation rental as a cornerstone for our retirement plan. However, we find ourselves in a <br /> challenging position due to the proposed changes under Bill 121. This bill, which we <br /> perceive as both perplexing and dehumanizing, raises significant concerns about the future <br /> of investment on the Big Island. <br /> The essence of our worry lies in the bill's potential to deter future investors, like us, who <br /> see Hawaii notjust as a paradise but as a place where dreams of a secure future can be <br /> realized. The proposed regulations, particularly those that seem to indiscriminately <br /> penalize vacation rental owners, fail to consider the diverse reasons people invest in <br /> properties on the island. <br /> We respectfully request the Planning Commission to consider the following: <br /> Recommend the removal of restrictions about where hosts live and where guests stay, as <br /> long as the owner is in the same building, on the same parcel, or on an adjacent parcel. <br /> Recommend streamlining the registration process and eliminating invasive requirements <br /> that do not respect the privacy and autonomy of property owners. <br /> Recommend conducting an economic impact study to fully understand the ramifications of <br /> Bill 121 on both current and future investments in Hawaii. <br /> These measures, we believe, will not only protect the interests of current property owners <br /> but also send a positive message to potential investors about HawalTs commitment to <br /> fostering a welcoming and equitable environment for all. <br /> We chose Hawaii for our investment, believing in the aloha spirit and the mutual respect it <br /> signifies. It is our hope that the Commission will consider the long-term impacts of Bill 121 <br /> and work towards regulations that honor the rights and aspirations of both residents and <br /> investors. <br /> Mahalo for your consideration. <br /> Sincerely <br /> Jenny M Contreras <br /> Kailua Kona <br />