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8.31669993345884E-05 0.000582168995342591 0.00232867598137048 0.00453260146373908 0.0078176979374584 0.0078176979374584 0.0078176979374584 0.0078176979374584
Stock impact report

Maui's mayor wants to ban Airbnbs to make housing more affordable for locals. Researchers say it could cause an economic shock [Fortune]

Airbnb, Inc. - Class A (ABNB) 
Company Research Source: Fortune
the 2023 wildfires but would also shrink the economy, University of Hawaii economists said in a report published Monday. Mayor Richard Bissen introduced the policy idea last year to boost Maui's limited supply of long-term housing after the fires wiped out more than 3,000 housing units in Lahaina. Trey Gordner, one of the study's authors and a researcher at the University of Hawaii Economic Research Organization, said there are always trade-offs associated with decisions of this kind. “We find that the policy would increase housing affordability somewhat at the cost of jobs, incomes and tax revenues,” he said a news conference. Visitor spending is likely to sharply decline, according to the report. Bissen said the report was a valuable first step in understanding the potential economic impact of his proposal. But he said economic models don't reflect the lived experiences of residents crowded into multigenerational homes, commuting long distances and leaving Maui because they Show less Read more
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