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From: i—h. <br /> Ta LPQestimanv <br /> Subject: The Positive Import d Vacation Rentals an Local Fcanamy and Hausirg <br /> M. Monday,PpdI 15,MM 3:49:33 PM <br /> Aloha Chairperson Lin&Commission Members, <br /> As a real estate agent deeply involved in our local community,I have witnessed firsthand the positive impact that vacation rentals have <br /> on our local economy and the housing market.The presence of well-regulated vacation rentals has been a boon,notjust for <br /> homeowners but for the broader community,supporting local businesses and contributing to the vibrancy of our neighborhoods. <br /> Most vacation rental operators in our area are committed to following the rules,contributing to a responsible and sustainable tourism <br /> model that benefits everyone.These rentals provide a significant source of income for many local families,enabling them to afford <br /> their homes and invest back into our community.This economic activity supports local businesses,from restaurants to retail,further <br /> stabilizing our economy. <br /> However,the proposed measures under Hawaii Bill 121,particularly those that could restrict the operation of vacation rentals,raise <br /> concerns about potential negative impacts on our local economy and the ability of residents to afford their own homes.To address <br /> these concerns effectively,I respectfully request the Planning Commission to consider the following: <br /> Conduct an economic impact study to fully understand the implications of Bill 121 on our local economy and housing market. <br /> Recommend streamlining the registration process for vacation rentals to ensure it is fair and not overly burdensome,thereby <br /> protecting the livelihoods of local families. <br /> Recommend the removal of any rules or regulations that are duplicative of existing laws,to avoid unnecessary complexity and ensure <br /> fairness in enforcement. <br /> These recommendations aim to balance the need for regulation with the importance of supporting a vibrant local economy and <br /> housing market.By considering the positive contributions of vacation rentals and seeking ways to regulate them responsibly,we can <br /> ensure that our community remains a welcoming and prosperous place for both residents and visitors. <br /> Mahalo for your consideration of these important issues. <br /> With warmest aloha, <br /> James Hu <br /> Kailua Kona <br /> Clear chat <br />