🏢IMSPARK: New Housing Can Unlock Older Housing

🏢Imagine… Housing Supply Creating Access to the Market🏢

💡 Imagined Endstate:

Imagine Oʻahu with enough new housing that families can move into homes that fit their needs, while the homes they leave behind become available to other local residents at lower price points across the island.

📚 Source:

Harjo Livingston, S. (2026, March 24). One Honolulu condo may have unlocked 500+ homes across Oʻahu: UHERO. KHON2. link.

💥 What’s the Big Deal: 

Housing supply is connected, and one building can create hundreds of openings, but only if the system allows enough homes to be built. For Oʻahu, filtering is not a silver bullet, but it is evidence that new housing can help local residents far beyond the walls of the building itself. Imagine a future where Hawaiʻi housing policy looks beyond the first buyer and asks what each new project unlocks across the island📍.  

This story challenges a common assumption in Hawaiʻi housing debates: that new condos only help the people who move into them🪟.  The Univerity of Hawaii Economic Research Office (UHERO) study of The Central, a 512-unit mixed-income condominium completed in 2021 near Ala Moana, shows how one new building can create a chain reaction across Oʻahu’s housing market. When a household moves into a new unit, it leaves behind a previous home. Another household moves into that home, leaves another one behind, and the process continues. That is housing filtering.

UHERO Associate Professor Justin Tyndall estimated that The Central generated more than 500 local vacancies across Oʻahu within three years. The study directly identified 180 homes vacated because of moves connected to the building🧱, then adjusted for incomplete data coverage to estimate the broader ripple effect. Most movement stayed local, with the majority of households relocating from within Hawaiʻi rather than from out of state.

The affordability finding is especially important🔁. Homes freed up through these move chains were often about 40 percent less expensive per square foot than the new units at The Central. That means even when new housing is expensive, it can still open up older and more affordable homes elsewhere in the market. The point is not that luxury units alone solve Hawaiʻi’s housing crisis. The point is that blocking new supply because it is not immediately affordable can ignore how housing actually moves through the market.

For local families, this matters because most people will not live in brand-new housing🧾. They move through older rentals, older condos, multigenerational homes, and resale units. If new construction is too limited, people stay locked in place, vacancies shrink, prices rise, and the entire market tightens. Filtering creates movement. Movement creates openings. Openings create opportunity.

The study also shows that both market-rate and income-restricted units contribute to supply, but in different ways🛠️. Market-rate units tended to create more total local vacancies, while income-restricted units were more likely to open lower-cost housing options. That suggests Hawaiʻi needs a targeted affordability programs, and enough overall production to reduce pressure across the system.

 

#HawaiiHousing, #OahuHousing, #HousingFiltering, #UHERO, #HousingSupply, #AffordableHousing, #LocalFamilies, #IMSPARK

💼 IMSPARK: Diversifying the Pacific’s Economy for Sustainable Growth 💼

💼 Imagine: Diversifying the Pacific’s Economy for Sustainable Growth 💼

💡 Imagined Endstate: 

A future where Hawaii’s economy thrives through diverse industries, ensuring sustainable growth, resilience, and prosperity for all communities.

🔗 Link: 

Read the full report here

📚 Source: 

UHERO. (2024). Potential Opportunities to Diversify the Economy of Hawaii. Retrieved from https://uhero.hawaii.edu/wp-content/uploads/2024/07/PotentialOpportunitiesToDiversifyTheEconomyOfHawaii.pdf

💥 What’s the Big Deal: 

Hawaii’s economy has long been reliant on tourism, which makes it vulnerable to global economic fluctuations and environmental challenges. The UHERO report identifies key opportunities to diversify Hawaii’s economy, including renewable energy, technology, and agriculture 🌿. By investing in these sectors, Hawaii can create sustainable jobs, reduce its carbon footprint, and enhance food security👩‍🌾. Diversifying the economy will not only protect against future economic downturns but also ensure a more resilient and self-sufficient Hawaii.

The renewable energy sector presents vast potential for harnessing Hawaii’s abundant natural resources like solar and wind power, reducing dependence on imported fuels🌞. The technology sector can spur innovation and attract high-tech jobs, fostering a knowledge-based economy. Enhancing the agricultural sector can improve local food production, reduce reliance on imports, and support local farmers. Embracing these opportunities will help build a vibrant, inclusive, and sustainable economy that benefits all residents of the Pacific islands🌊. This forward-thinking approach ensures that Hawaii can weather economic storms and lead by example in sustainable development.

#ResilientHawaii, #SustainableGrowth, #EconomicDiversification, #RenewableEnergy,#Innovation, #PacificProsperity,

#UHERO,#IMSPARK

🎓IMSPARK: Higher Education for All in the Pacific🎓

🎓Imagine... Higher Education for All in the Pacific🎓

💡 Imagined Endstate: 

The Pacific region has successfully increased the access and affordability of higher education for its residents, especially for underrepresented and disadvantaged groups. The region has fostered a culture of lifelong learning, innovation, and excellence, where everyone has the opportunity to pursue their academic and career goals.

🔗Link:

Ref Here

📚Source: 

Halliday, T., & Inafuku, R. (2024). Estimating the returns to higher education using administrative data: A case study of the University of Hawai‘i System. University of Hawaii Economic Research Organization.

💥 What’s the Big Deal: 

The report by Halliday and Inafuku (2024) reveals that a college education from the University of Hawai‘i (UH) offers a significant investment return for its graduates. 🌏The authors find that lifetime earnings for bachelor’s degree holders are 27% higher than for those who exited the program without a degree. 💼 The report also shows that community college degrees and certificates can boost earnings and serve as stepping stones to four-year degrees.

Higher education is a key driver of economic and social development for the Pacific region, especially in the face of global challenges such as climate change, health crises, and technological disruption. 🏫By expanding the access and affordability of higher education, the Pacific region can empower its residents to acquire the skills, knowledge, and credentials they need to succeed in the 21st century. 🚀Higher education can also enhance the region’s competitiveness, diversity, and resilience, and contribute to its well-being and prosperity.