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This is why real estate prices have increased during the pandemic:
The newfound freedoms of remote working have prompted a wave of people to flee the US mainland for the Hawaiian islands. While the total number of relocatees is unknown, signs point towards a major influx. Real estate agents say demand has reached a fever pitch. A scheme (Movers & Shakas) backed by local business owners to sponsor remote-workers’ flights to Honolulu, in exchange for community service, received more than 50,000 applications for just 50 slots.
In the second half of 2020, single-family homes that would typically take several months or years to sell attracted new buyers in a matter of hours or days, Hawaii realtors say. Bidding wars are now commonplace, driving home sale prices to new heights.
Additionally, realtors say properties that would once have been purchased as vacation homes are increasingly being sold as owner-occupied.
https://www.theguardian.com/us-news/2021...g-covid-19
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Our neighbor's house in OLE just got full asking price within a few hours of getting listed, and I thought the asking price was a little high. They had four more viewings scheduled the same day, there might be a bidding war on it.
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Time to sell our unpermitted shacks for $$$ and move to somewhere even more remote!
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properties that would once have been purchased as vacation homes are increasingly being sold as owner-occupied.
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Most can no longer be legal vacation rentals...
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03-15-2021, 05:29 PM
(This post was last modified: 03-15-2021, 05:32 PM by HereOnThePrimalEdge.)
I don’t believe this person was part of the Movers & Shakas program, but he is an example of how a temporary move to Hawaii as a remote work location can become permanent:
When the pandemic first hit in March, Gilchrest, a senior vice president at conversational AI company LivePerson, left Bellevue, Washington, for his vacation home in Hawaii.
When the company announced last summer that it would become an "employee-centric" workforce, allowing employees to work from anywhere, Gilchrest decided to stay in Hawaii.
He and his wife had planned to eventually retire to Hawaii, but now they're planning to sell their home in Bellevue.
...
His home office is set up on the patio outside his bedroom, complete with a desk, monitors, and, of course, palm trees and the ocean as a backdrop.
"I can walk out to my bay outside of here and do open water swimming with the turtles in the morning. That is a pretty good break in the morning routine."
https://www.cnn.com/2021/03/15/success/r...index.html
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The Hawaii brain drain continues, with more losses of educated people moving to the mainland.
Peter Ho... said Hawaii’s population decline reflects a hollowing out of the state’s middle class, which he calls “an existential economic issue for the state.”
What’s worse, the problems driving people out of the state involve a broad range of things, none of which is easy to solve, says Carl Bonham
The Hawaii Department of Business, Economic Development and Tourism took a hard look at the demographics of those leaving Hawaii and quantified what many people had seen anecdotally: that Hawaii’s best and brightest young people were leaving.
... almost 15% of Hawaii-born people living on the mainland are between the ages of 18 and 44 and have a bachelor’s degree or higher, compared to 7.7% of those remaining in Hawaii. ... more Hawaii-born people with a bachelor’s degree or higher living on the mainland than there are who stayed in the state.
https://www.civilbeat.org/2022/01/hawaii...tes-again/
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It has always been like that.
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If you're not in the Good Ol' Boys Union, then Hawaii is for vacation or retirement ONLY.
