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+--- Thread: Decline in Real Estate (/showthread.php?tid=4377)
RE: Decline in Real Estate - jdirgo - 08-21-2006
Decided to opt out of the discussion. Some people tend to have their own minds made up and no amount of objective information will change that.
John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
Edited by - jdirgo on 08/21/2006 12:51:08
RE: Decline in Real Estate - John S. Rabi - 08-21-2006
Stand by bystander, stand by.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185
RE: Decline in Real Estate - haoleboy - 08-21-2006
Rabi has all the good toys.
Aloha
Richwhitboy
"The sky is falling! The sky is falling!"- Chicken Little
RE: Decline in Real Estate - Aaron S - 08-21-2006
quote:
Sorry Aaron, while it is true that they offered a new car with the purchase of the homes, they also raised the prices by $20K at the same time. Cutting losses?! What losses? Their construction cost was around $120/sq.ft. and bought the lots for less than $40K. Add the marketing cost and do your math.
Well I checked http://www.hawaiiinformation.com/REsearch/
There is currently 12 houses for sale in
Discovery Harbour. Now 16 more houses are
dumped on to the market. It doesn't take
a rocket scientist to see that is going
to have adverse effect on property values
(at least in the short term). Whats worse is the fact the upset price is less than what the other steel frame homeowners bought their houses for.
I stand by my assetion that they are cutting and running. It states that on the auction
website.They are freeing up capital because of death in the family...which is pretty lame excuse.
RE: Decline in Real Estate - Keith - 08-23-2006
Hi
I am new to this so go easy. IF you were going to buy on the BI now or within the next six months and hold for 4-5 years before you were to build where would you go. let say you have 75 to 100K cash. Where are the best bang for your buck. would you buy a few properties one great one. What does your crystal ball tell you.
Keith
RE: Decline in Real Estate - John S. Rabi - 08-23-2006
Oh, I think a lot with lots of junk cars, a lava tube and a blue rock next to a meth lab in any area would be a great investment!
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185
RE: Decline in Real Estate - jdirgo - 08-23-2006
Check out the discussion in the thread "Your Favorite Subdivision" for a lot of peoples opinions on that. As I've said before, "it depends". It depends on what's important to you, be it availability of water, lava zone, ease of commute to town, etc.
John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
RE: Decline in Real Estate - haoleboy - 08-23-2006
My crystal ball says you should buy our mainland house. You've got the down payment.
Aloha!
Richwhiteboy
"I only got two beers left. You can have one. How nice is that?"-Kid Rock
RE: Decline in Real Estate - mella l - 08-23-2006
Hi Keith, The subdivision thread is on the building forum. I brought it forward for you to read thru. Mella
mella l
RE: Decline in Real Estate - tada - 08-23-2006
I watch CNBC all day- last week they had the hi-viz outspoken fund manager Ken Heebner who declared home prices were going to return to levels they were in 2000. Did I hear that right??? Something tells me I'll buy way before then. Of course since then there been a lot more discussion and debate on this topic.
They said the mortgage lenders don't like to foreclose cause it's expensive and want to head off consumer induced legislature to curb lending.
Others want to make friends- I just want to make money.
James Cramer