Lahaina residents worry that rebuilt homes in their Maui town could slip into the hands of affluent outsiders seeking a tropical haven rather than homegrown residents who give the Hawaiian island its spirit and identity.
Hotels and condos “that we can’t afford, that we can’t afford to live in — that’s what we’re afraid of,” he said.
Maui County estimates more than 80% of the more than 2,700 structures in the town were damaged or destroyed and 4,500 residents are newly in need of shelter. The median price of a Maui home is $1.2 million, putting a single-family home out of reach for the typical wage earner. It’s not possible for many to even buy a condo, with the median condo price at $850,000.
Residents with insurance or government aid may get funds to rebuild, but those payouts could take years and recipients may find it won’t be enough to pay rent or buy an alternate property in the interim.
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