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Land Prices Get Even Cheaper - Printable Version

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Land Prices Get Even Cheaper - hpp4me - 12-10-2008




HPP Sales for November:
http://www.localhawaiirealestate.com/HawaiianParadiseParkRealEstate/NOV_08%20HAWAIIAN%20PARADISE%20PARK%20LAND.pdf

No Orchidland Sales in November:
http://www.localhawaiirealestate.com/OrchidlandEstates/NOV_08%20ORCHIDLAND%20ESTATES%20LAND.pdf


These prices are not a problem if you aren't selling. A great opportunity for buyers.


RE: Land Prices Get Even Cheaper - Guest - 12-10-2008

Just wait till they halve again. 8K per lot maybe.


RE: Land Prices Get Even Cheaper - bystander - 12-10-2008

Wow lots in HPP going for under $30K now! I remember when certain people in a certain profession on this board said it could never happen. My my my how times have changed.


RE: Land Prices Get Even Cheaper - hpp4me - 12-10-2008

Looking at asking prices on current listings, it appears that those properties closer to the ocean are holding up a little better.


RE: Land Prices Get Even Cheaper - Hotzcatz - 12-10-2008

They will go lower, we've just started the downward slope. Considering how much the mainland economy is tanking, we could see numbers lower than they were just after sugar left.


"I like yard sales," he said. "All true survivalists like yard sales."
Kurt Wilson



RE: Land Prices Get Even Cheaper - EightFingers - 12-11-2008

Still looking for the $12K and under lot. Got a little extra cash burning a hole in my pocket.


RE: Land Prices Get Even Cheaper - John S. Rabi - 12-11-2008


That's the 2000 price, I bought mine for $10K back then and it was a good deal! Prices even in the $30Ks are three times as much as they were 8 years ago. You figure out the ROI. [Smile]

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 - hpp4me - 12-11-2008

At these prices, a person could actually buy land for commercial farming. That's not a bad thing.

We're keeping an eye on Oahu land prices. We'll come into some money soon and would not mind picking up something there. The West side is getting cheap, but the lush east side is still a bit costly.

John, when do you think we'll hit the bottom?


RE: Land Prices Get Even Cheaper - Guest - 12-11-2008

quote:
Originally posted by hpp4me

At these prices, a person could actually buy land for commercial farming. That's not a bad thing...

Yeah... but could they afford the Fertilizer or Feed?

-------
My Blog



RE: Land Prices Get Even Cheaper - John S. Rabi - 12-11-2008

quote:
Originally posted by hpp4me

John, when do you think we'll hit the bottom?

E-mail me privately and I will send you the monthly data for the past six months.

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!"