After a devastating fire in Maui, concerns are rising over “climate gentrification” in Hawaii. The fire, which damaged over 3,000 buildings and caused insured property losses of $3.2 billion, has raised fears that local people will be priced out of housing in safer areas after climate-related disasters. Experts warn that developers and investors may take advantage of the situation, leading to potential displacement and a change in the character of affected communities. The state of Hawaii is taking steps to protect local landowners from opportunistic buyers and is considering a moratorium on the sale of damaged properties.
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