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As soon as the former lessees acquired fee simple titles to their homes, those became attractive to Japanese investors and speculators who paid outlandish prices for those homes (largely located in the upscale Kahala and Hawaii Kai neighborhoods), causing a ripple effect throughout the island.
Samuel Morgan Slom, known as Sam Slom (born April 13, 1942), is a Republican member of the Hawaii Senate who, since 1996, has represented the 9th District, which includes Hawaii Kai, Aina Haina, Kahala and Diamond Head.