Volcanic eruptions and land values in HPP

[PaulW]

I don't expect many big drops in price. People forget very soon, see what happened in 2014. Also, a lot of people will be looking for somewhere else to live.

[My 2 cents]

"I do have many "pending" sales on my list just to watch the process... 50 backouts as My_2_Cents reports is a LOT! Over 6 months, I've only seen 2 houses go "Pending" and then back for sale, and both have now sold."

I admit that my info was 3rd hand and I didn't verify. I had no reason to doubt because, well, If I was about to close on a property and the current situation popped up I'm quite sure I would back out too. Especially if it was in Lower Puna.

[Rosie5]

Wasn’t doubting you My_2_Cents! Sorry if it sounded like that. Just meant, it’s a lot more back outs than i’ve Been seeing the last six months. Aloha!

[ericlp]

http://www.hilo.hawaii.edu/~nat_haz/volc...tzones.php Don't forget to watch the video at the end...

[bystander]

quote:

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Originally posted by PaulW

I don't expect many big drops in price. People forget very soon, see what happened in 2014. Also, a lot of people will be looking for somewhere else to live.

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Only one house was actually destroyed in 2014. This time may be different if this continues and more homes are burned. People may not forget so quickly this time.

[HereOnThePrimalEdge]

For your consideration:

Sulfur dioxide artificially cools the atmosphere. At this moment while humans in industrial nations continue pumping CO2 into the air exacerbating the global climate crisis, Big Island is one small corner of the world counteracting warming trends as each new fissure opens. Perhaps we should request federal funds for our defense of the planet, and assisting homeowners who live along American coastlines facing the Pacific and Atlantic Oceans. The businesses which operate there too. We are a glimmer of hope that existing oceanfront properties might remain above the waterline. You're welcome. You may donate to Punaweb Leilani Disaster Fundraiser.*

Concurrently, while low lying areas, such as atolls in the Pacific, beaches in Florida, or Gulf Coast states all make plans to move structures inland as rising seas inundate their shorelines, Big Island is as the bumper sticker says: "Gettin' Bigger Every Day."

We are the archetype for a land mass rising faster than sea levels climb. Kevin Costner and Waterworld may have had it right, Big Island is Dryland, the place everyone searches for, the dream that rises above the waves.

* Punaweb Leilani Disaster Fundraiser
Pahoa Elementary School contacted (Rob at Punaweb) for help. They have 200 students and 9 teachers directly impacted with a wide variety of needs.
...
We have a new population of homeless and displaced.
http://www.punaweb.org/forum/topic.asp?TOPIC_ID=24707

Or, click the Donate button at the top right hand side of any page.