How the military impacts rent prices in Hawaii
They're in our communities everyday, the men and women who serve our country. They live here in a place where homes are limited and rent keeps rising.
They're in our communities everyday, the men and women who serve our country.
They live here in a place where homes are limited and rent keeps rising.
Part of the blame is being put right back on them and the money they get from the government for housing.
"I would say it does impact the cost and right now the demand is high and strong and these individuals who do get that extra allotment each month it is to their advantage," Sen. Will Espero - (D) Senate Housing Chairperson said.
Based on the state's latest data, Hawaii has about 450,000 homes.
A little more than 194,000 of those are rentals.
Real estate analyst Rick Cassiday estimates the military occupies between 10,000-to-20,000 of those units.
"In general, the impact of 5-to-10 percent. That's a significant amount of units in the aggregate," Cassiday said.
At Schofield Barracks, the Army keeps most of its soldiers on base.
The Army has 8,000 homes here, 5,000 of those are new.
"In the continental U.S., typically you see about a 30-to-35 percent on post housing community where as in Hawaii, it is understood that the local economy doesn't have the housing market to support the military members. Therefore, it's flip flopped to about 60-to-65 percent on post," Joey Sanchez, U.S. Army Garrison, Hawaii Housing Division Chief said.
The Army says it's tasked with making sure the local housing market isn't burdened.
It analyzes the market every several years to find out how much housing on post it needs to support it's community.
"The public generally at least from my point of view would like that local families have a step up or help in finding themselves shelter," Cassiday said.
Locals will need help to keep up.
Every year the market is analyzed to determine the government's basic allowance for housing or BAH given to service members to cover their rent and utilities.
Those funds range from about $2000-$4000.
A Kaneohe home going for $3,300, its owner telling KITV he prefers military.
Other landlords are accused of driving up rental costs by inaccurately basing it on the housing allowance.
"The common misconception is that military members rent should be set for whatever the basic allowance for housing is which isn't true," Sanchez said.
Senator Will Espero chairs the senate's housing committee.
He says this rent war shouldn't be about one group versus another. He feels the burden lies with the government.
"The bottom line now is that we need to build more inventory," Espero said.
For those still stuck in the competition of trying to find a place to rent, Cassiday warns, that mission could be worse.
"It's negative that there's more competition and potentially pushing people out in certain areas and certain price ranges but the benefits would be they sit here they protect the country they contribute a heck of a lot of money to our economy and therefore there's a ton of jobs and incomes that are tied to that," Cassiday said.