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+--- Thread: Land Prices Get Even Cheaper (/showthread.php?tid=4767)
RE: Land Prices Get Even Cheaper - hpp4me - 01-05-2009
Yeah, but our 3rd avenue lot was $65,000 when we bought it a couple of years ago! oh well. We have not sold so we have not lost anything.
Originally posted by hpp4me
A lot on 3rd avenue went for only $35,000. Ouch!
[/quote]
Just remember, it was $10K eight years ago.
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
[/quote]
RE: Land Prices Get Even Cheaper - John S. Rabi - 01-05-2009
quote:Bubble?! Bubble my butt! You can still put a house on that $65K lot, sell it and walk away with profit. That $10K investment eight years ago is worth four times as much now. Not a bad ROI.
Originally posted by bystander
[quote] ... saying things like "bubble? bubble my but" anymore.
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
RE: Land Prices Get Even Cheaper - StillHope - 01-05-2009
John,LOL!
I'd say :If John Rabi wants to say "BMB" (see above),he is going to say "BMB!",no matter who is standing by!
RE: Land Prices Get Even Cheaper - rprr - 01-05-2009
quote:
Originally posted by JerryCarr
Just out of curiosity, has anyone researched the drop in median land and home prices from the height of the bubble in 2005 to the most recent reporting period?
Cheers,
Jerry
Jerry -
Are you asking about this trend for Puna specifically?
RE: Land Prices Get Even Cheaper - JerryCarr - 01-05-2009
rprr, I will take whatever information I can get, whether it is Puna, East Hawaii, or the Big Island as a whole.
Cheers,
Jerry
RE: Land Prices Get Even Cheaper - rprr - 01-05-2009
I have taken a look at some of the data from the alohaliving website.
http://www.alohaliving.com/RealEstate/Articles/Helpful-Articles/Statistics/Sales-Statistics/Hawaii/index.visient
One can also get data from trulia.com and also zillow.com.
RE: Land Prices Get Even Cheaper - macuu222 - 01-06-2009
This may help also.
http://www.honoluluadvertiser.com/article/20090106/BUSINESS04/901060320/1071
It kind of makes "me" feel like the trailerpark trash of the hawaiian islands because our condo and residental homes are selling so low compared to the rest of hawaii.
RE: Land Prices Get Even Cheaper - bystander - 01-06-2009
quote:
Originally posted by John S. Rabi
Bubble?! Bubble my butt! You can still put a house on that $65K lot, sell it and walk away with profit. That $10K investment eight years ago is worth four times as much now. Not a bad ROI.
Yeah but it was worth eight times as much just a couple of years ago. What if you bought that same lot then and tried to sell it now? To those that did buy back then, the bubble is very real.
RE: Land Prices Get Even Cheaper - John S. Rabi - 01-06-2009
quote:Jerry, e-mail me privately and I will send you the West side market data for the past seven months.
Originally posted by JerryCarr
rprr, I will take whatever information I can get, whether it is Puna, East Hawaii, or the Big Island as a whole.
Cheers,
Jerry
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
RE: Land Prices Get Even Cheaper - PaulW - 01-17-2009
>A lot on 3rd avenue went for only $35,000. Ouch!
Ouch? What about the one on 9th for 25K? Or the ones that have been recently listed for 24.9K?
Look for the 20K HPP lot within a few weeks.