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+--- Thread: Decline in Real Estate (/showthread.php?tid=4377)
RE: Decline in Real Estate - haoleboy - 08-20-2006
Mr. Tucker, we couldn't do this on the other site. You da man.
Try to keep em on topic though.
Aloha
Richwhiteboy
"As God is my witness, I thought turkeys could fly."-Arthur Carlson
RE: Decline in Real Estate - haoleboy - 08-20-2006
Correction: You can do this stuff on the Lanai, but it's harder to navigate, and there are some strange folks there.
Aloha
Richwhiteboy
"As God is my witness, I thought turkeys could fly."-Arthur Carlson
RE: Decline in Real Estate - haoleboy - 08-20-2006
Apology #3
I apologize to John Dirgo and other Mazda Tribute owners for implying that their cars suck.
I'm sure that they are very
comfy.
Aloha
Richwhiteboy
"Shooby dooby dooby dooby doo."- Frank Sinatra
RE: Decline in Real Estate - mella l - 08-20-2006
Well I'd buy in DH if the auction included either of John Rabi's rides!!
mella l
Edited by - mella l on 08/21/2006 08:15:21
RE: Decline in Real Estate - Carolann R - 08-20-2006
Ziiiing! Haoleboy...breathe. As always, said with MUCH aloha.
Carrie
"The opportunities to reach into the lives of others in an inspiring way arise in countless ways every single day..." Dr. Wayne W. Dyer
http://www.hellophoenix.com/art
Edited by - carolann r on 08/21/2006 03:18:23
Edited by - carolann r on 08/21/2006 05:00:49
RE: Decline in Real Estate - Hotzcatz - 08-21-2006
***************
Apology #3
I apologize to John Dirgo and other Mazda Tribute owners for implying that their cars suck.
****************
Well, if they would give the buyers a new Kirby when they bought the DH houses, now THAT would truly suck!
***********
I think the land prices are going down and there seem to be strange land sales starting to happen.
The house directly next to us sold at auction about a month ago and they got a much lower price than I would have expected for it. It is an old plantation manager's house and they only got $401K for a final bid and there were only about three bidders. It wasn't a very well advertised auction at all. However, at the "confirmation hearing" (which was several weeks after the auction), one of the two sellers showed up at the hearing to reopen the bidding (which was allowable if they upped the price by 5% or more) and bought it for the $401K plus 5%. The rumor is she then tried to sell for a higher price but there weren't any takers so now she is going to try to rent it out.
It was a forced auction since the couple broke up and couldn't agree on how to sell the house and who got how much afterwards. Of course, being a divorce sale might be what is making it a different sort of sale.
Aren't houses fun?
A hui hou!
Cathy
RE: Decline in Real Estate - John S. Rabi - 08-21-2006
[quote]
Those houses in that subdivision there in DH are causing quite a stir over in Kona...surprising how much energy spent on that subject.
John R - whaddya think?
Carrie
I think most people are way off on that subject. First of all, the MINIMUM bid is $275K + 6% "Buyers Premium" translating to $292K or so. With bidding it will be more. They originally were LISTING those homes for $340K in MLS. The 10-15% is not much of a difference. I think most people are just scared by the "AUCTION" word and the negative thinkers will start the "bubble thread" again. The prices actually increased in 22 states during the past 12 months. So much for a bubble. http://nationalrealtynews.com/content/templates/standard.aspx?articleid=216&zoneid=1
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 - John S. Rabi - 08-21-2006
quote:
I'm peeved at the DH steel home auction because it seems to me Westpro is simply cutting their losses and splitting- at the expense of other homeowners
These steel frame houses have had a hard time selling from the get go.They had resort to
offering FREE CAR with house purchase a few
months ago.
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.
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
Edited by - John S. Rabi on 08/21/2006 10:02:19
RE: Decline in Real Estate - John S. Rabi - 08-21-2006
quote:
Well I'd buy in DH if the auction included either of John Rabi's rides!!
mella l
Edited by - mella l on 08/21/2006 08:15:21
Mella, the "stable" has grown since, it now includes a C230 too!
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
Edited by - John S. Rabi on 08/21/2006 10:03:54
RE: Decline in Real Estate - bystander - 08-21-2006
The realestate people will keep denying the truth or keep coming up with new rationalizations for why the prices keep going down.
I would just like to know if they agree that prices have declined recently or are they denying this too? It's hard to tell from reading their posts.
"The prices actually increased in 22 states during the past 12 months. So much for a bubble."
Is this a denial that prices have come down in the past 12 months? Sounds like a bunch of sales double talk to me.