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In the mid 1960s there were about 22,000 single-family leasehold homes in Honolulu. Dissatisfaction with leasehold led to reform legislation in 1967, allowing lessees to buy leased land. By 1991 less than 5000 lessees remained. This paper examines why landowners elected to lease rather than sell...
Persistent link: https://www.econbiz.de/10005704443
The Hawaiian Homes Commission Act of 1920 set aside marginal lands for Native Hawaiian homesteads with restrictions on their alienability and use, and funds for their development. The Act preserved all leased government sugar lands for the plantations, and preserved homesteads and federal...
Persistent link: https://www.econbiz.de/10005704421
The Hawaiian Home Lands program enacted by the U.S. Congress in 1921 placed 200,000 acres of government land in trust for the use of native Hawaiians. This program - now with assets valued at well over $700 million - long ago evolved into a special type of public housing program in which the...
Persistent link: https://www.econbiz.de/10005704440
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The Land Reform Act as amended was a misapplication of eminent domain because it violated both the public use and just compensation clauses of the Fifth Amendment. There was no rational nexus linking eminent domain with the public purpose of reducing the price of land; the high price was due to...
Persistent link: https://www.econbiz.de/10005704461
The price of land in Honolulu is higher than in any other major U.S. urban area. In this paper we examine several determinants of the supply and demand for land and discuss their likely influence on Honolulu's land price. We utilize comparisons between demand and supply conditions in Honolulu...
Persistent link: https://www.econbiz.de/10005704491
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In the mid 1960s there were about 22 000 single-family leasehold homes in Honolulu. Dissatisfaction with leasehold led to reform legislation in 1967, allowing lessees to buy leased land. By 1991 less than 5000 lessees remained. This paper examines why landowners elected to lease rather than sell...
Persistent link: https://www.econbiz.de/10010887530