Building Code Tax

[CodeWarrior]

Hawaii is right up there with California and New York on the housing costs. Building codes the culprit? Some people think so-

How Building Codes Act As A Regressive Tax On Affordable Housing

There is a clear and undeniable nexus between code updates and construction costs.

www.civilbeat.org

Of course, the codes have allowed cheaper materials over years, but many didn't perform as well as expected, resulting in expensive repairs the property owner paid, passing the cost to tenants or higher HOA fees.

 

[bill1952]

The articles reliance on the NAHB statistics is questionable.

 

[jar546]

The referenced article is poorly written and void of critical facts. It discusses "affordable housing" when, in fact, the study they reference is specific to condominiums in Hawaii. The study lacks credibility because it refers to any costs beyond land and construction as regulatory costs without citing any of the actual fees required by the state or jurisdiction. This is an obviously skewed article with an agenda void of any clear, concise, verified data. It's a waste of a read, and quite frankly, I wish the link was not on this site.

 

[CodeWarrior]

Fixing code violations tends to increase rent but not increase sales prices. However, not fixing violations tends to decrease sales price but not affect rents.