Local Concerns Over Billionaire Land Purchases in Hawaii

Hawaii is no stranger to extravagant homes owned by the super-rich. But when a tech billionaire started buying up land in Waimea, a small, rural town on the Big Island, the community got curious - and worried.

Locals fear it will become even more difficult for Native Hawaiians to afford to live in Waimea and buy property. In Hawaii, the average home price is close to a million dollars.

Who's purchasing all this land in rural Hawaii and how will it affect the already high cost of housing in Waimea?

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