As folks in Hawaii get well from the wildfires that tore by way of elements of Maui and devastated the seaside city of Lahaina, some have raised considerations that actual property speculators would swoop in and make the most of the catastrophe to snap up property. Restoring a neighborhood after a wildfire could be an costly and daunting course of, and speculators might even see it as a chance to purchase distressed property cheaply and construct on it, or flip it later for a revenue.
Gov. Josh Green of Hawaii stated that he was exploring the thought of a moratorium on any gross sales of actual property that was broken or destroyed by the fires. “You would be pretty poorly informed if you try to steal land from our people and then build here,” he warned.
The Times is searching for Lahaina residents who’ve been approached by speculators wanting to purchase land there. We’re hoping to higher perceive the battle of rebuilding after a disaster, and what position speculators play in that course of.
If you or somebody has been approached, please share your story within the kind under.
We is not going to publish any a part of your submission with out contacting you first. We could use your contact info to observe up with you.
Source: www.nytimes.com