Posts: 18
Threads: 7
Joined: Feb 2008
Hi all,
I rented a home in Leilani last summer to test out if island life was for me. What I discovered is that it is, but I can't bear to leave my friends and family who live on the mainland and I am middled aged, too young to retire and too old to start over in a new job. I am trying to decide whether to sell my land in Leilani now or hang on to it.
I am really torn. It's the first piece of property I have ever owned and am a bit "attached" to it. But then again if I am not going to live here.....and I am not a land speculator. I hate these ambiguities...anyway. Do any of you mind giving your 2 cents here?
I have someone offering me an amount that does not allow me to break even. I bought the piece at 32k. The hit I would take now is 3500-4000.
Thank you for your attention and potential response.
Jane
Posts: 2,314
Threads: 59
Joined: Jun 2003
If you can afford to hang on to it don't sell. You will be smiling in a few years.
Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
Posts: 236
Threads: 51
Joined: Jul 2006
Leilaniloo,
There're both up- and down-sides to keeping yourself open to new possibilities and, unless you
love going to your job each day, never say you're too old to change jobs. That kind of thought will put you into a personal rut. I recommend you explore the possibilities of work on the island before you conclude you just can't swing the move. Try this address for that exploration
http://career.uhh.hawaii.edu/HI_jobs_alumni.php
Regarding your property, like John said, it's a no-brainer that you should hold on to it if that's economically feasible.
Mahalo nui loa,
Brian and Mary
Lynnwood, WA\Discovery Harbour
Aloha pumehana,
Brian and Mary
Lynnwood, WA\Discovery Harbour
Posts: 57
Threads: 16
Joined: Apr 2007
Leilaniloo,
If you can...Hold on to it! You will do better in the long run..and who knows buddy..you might find the right work opportunity to help you take the plunge.
Aloha
Posts: 1,779
Threads: 73
Joined: Aug 2006
Hold it.
James Weatherford, Ph.D.
15-1888 Hialoa
Hawaiian Paradise Park
Posts: 645
Threads: 19
Joined: Jul 2003
you can't win them all, it might be better to have $32k in your hands right now than to wait years to make more(we never know when we go)if you don't need the dough then who cares
Posts: 2,402
Threads: 145
Joined: Apr 2005
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On the other hand.... don't you just hate that sentiment[:0] I sure do!!
If it were me, and financially I was able to hold on to the land, I would hold on to it for the shear pleasure of future planning and dreaming! Who knows what the future holds.
Good luck in your decision process Jane. Whatever it will be make it the best decision for you, you're young, and time will tell, and circumstances are always a changin!
mella l
mella l
Art and Science
bytheSEA
Posts: 1,727
Threads: 29
Joined: Feb 2006
If you are going to sell it, do it now before mid-summer. Otherwise it isn't likely to be sold at any price you'd like to see until 2011. If it is already paid for and you don't need the equity, then hang onto it, eventually it will be worth more but that won't be this year, next year or the year after.
"I like yard sales," he said. "All true survivalists like yard sales."
Kurt Wilson
Posts: 18
Threads: 7
Joined: Feb 2008
THANK YOU ONE AND ALL for your advice. All very solid. I have decided to not sell the property. I never bought as an investment, but as a place to build a life for myself. It gives me happiness to know that I am in a sense the "steward" of this land. The trees are awesome, very old Ohias and it feels like bird heaven to me. I have really enjoyed the past 10 months living in Pahoa and expect to return once a year to enjoy the place and the people.
Jane
