S.C.R. No. 148 Summary

• Urges all Hawaii counties to develop tax policies that reduce vacant residential units and discourage speculative property investment ("flipping")

• Identifies homelessness as a pressing social issue in Hawaii, where rates continue to climb and housing stock remains limited due to speculative investment

• Notes Hawaii has the highest rate of renters and multi-generational households in the nation, with housing prices among the highest nationally due partly to investor speculation

• States that most speculative investors do not reside in the purchased units and often do not live in Hawaii, removing housing stock from local availability

• Directs certified copies of the resolution to be transmitted to the Mayor of each county