Hawaii's long-overdue crackdown on Airbnb

The oceanic paradise of Hawaii may be one of the most popular vacation destinations in the United States, but the proliferation of short-term vacation rentals such as Airbnb and Vrbo are pricing locals out of the housing market.

Last week, Gov. Josh Green (D-HI) signed legislation that will make it easier for local governments to reform housing rules in order to limit the amount of short-term vacation rentals in a state. In pledging support for the bill, Green said the rentals are “illegal” and “contribute to skyrocketing housing costs.”