Wildfires threaten to make Maui real estate affordable

WAILUKU -- Hundreds of acres of prime Maui real estate are in danger of becoming affordable to the middle class, according to real estate analyst Maile Gonsalves.

The industry veteran made the shocking announcement this week, confirming what many in local real estate circles have feared since the recent rash of wildfires began this summer.

“The fires are threatening to scare away our precious millionaire landowners,” Gonsalves said. “If this keeps up, we may have to face the possibility that spacious parcels of land boasting expansive views of the neighboring islands could fall within the means of any schmo with a six-figure salary.”

In response, tens of thousands Maui real estate agents sprang into action, performing numerous controlled burns in strategic areas and using bulldozers to build a fire line around several high-end West Maui developments.

“It’s a dire situation,” said Herbert Sullivan, of Sullivan and Sullivan Realty. “Sure the Hummer is paid for, but I’ve still got boat payments.”. Read the whole story by clicking here!