Don't let it keep you from buying the house but maybe ask for a reduction....

I don't think freeing up a bunch of Waikiki condos will ease the housing crisis.I've spoken to a few colleagues in the STR cleaning business on Oahu and they haven't seen a reduction in work since August 1st. 

Im looking at requesting a slight reduction in price.

Clayton in those areas those are Blue Sky proforma's  end of that discussion and in fact many are talking about rent reductions right now.. there had to be a time of over saturation of rentals in some of these markets.. ergo supply demand is the real factor too much supply demand goes down rents follow.. or you better have the shinniest object to rent if there is competition.. 

I understand the basic concept of investing in note vs. rental properties - no headache with Tenent/Toilet etc while rental properties come with potential appreciation (house value, rent) and tax reduction. 1. 

Then the rent increase moratorium came, rent control was instituted, mandatory lease renewals, security deposit reductions, inability to evict for things like unauthorized pets and people not on the lease living in the unit, all happening at a time when my taxes are going up, my permit fees are going up, my insurance is going up (or being non-renewed), and everything else is going up, and I'll likely be increasing rent around once a year. 

Any reduction in equity or debt will be taxable to you.   

I believe the recent rate hikes without significant reduction in values make this a challenging market.  

That's still a 25% voluntary reduction in "old-er age". 

Since the booking restriction took effect, my local house manager has seen a 60% reduction in her income across all of the homes she manages yet my home value continues to go up.