“That scared the crap out of me because I didn’t know if after 12 months I was going to have to pay that 12 months back in full…”
One-third of pre-fire homeowners in Maui no longer own property. Survivors like Mikey Burke are trapped paying mortgages on destroyed homes while also paying rent for temporary housing. She owes $71,000 in back payments after two years of forbearance with unclear terms. Meanwhile, investors are circling to buy up land from desperate residents. This is how disaster capitalism works. The fire took their homes. The banks and investors will take what is left.