Housing Bubble in Puna?

[Lew P]

When the boom was on, people bought the first thing in Puna they looked at. After being their a while, they found out about the Rain, Frogs, Rats, Mosquitos, catchment systems, and now they want to go
back to the mainland and are lowering their high prices to get out.

[Andrew]

"Rain, Frogs, Rats, Mosquitos, catchment systems,"

How about mold/mildew and oh yes:

- a couple months back during the high winds we had 4 huge ohia fall - 3 hit our place and caused close to 10Gs worth of dammage.

Ahhhh - Life in the Rain Forest - Ain't it grand.

We're still staying though.

Aloha

quote:

---

When the boom was on, people bought the first thing in Puna they looked at. After being their a while, they found out about the Rain, Frogs, Rats, Mosquitos, catchment systems, and now they want to go
back to the mainland and are lowering their high prices to get out.

---

[loffelkopffl]

and now they want to go
back to the mainland and are lowering their high prices to get out.

don't let the door hit you in the a**, lol


now let's hope all the speculators will get spec'd

aloha

[Kahunascott]

In our case we use the Rabi Rule....
We bought our house for our home, who cares what it's worth next month. We did buy last April in the hot market but not knowing what was going to happen (up, up ,up) I feel we did make the right move and would do it again. Been here two weeks and have adapted well so far. What rain?

[John S. Rabi]

Rabi Rule! I like it!

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

[nnickle]

In our case we use the Rabi Rule....
We bought our house for our home

Rabi Rule? Isn't he the one building Spec houses? Houses to sell not for his home.

[John S. Rabi]

nn, you probably missed my "I never look at the value of my primary residence since it doesn't matter how much it is worth, I have to live somewhere. I don't look at real estate investments in a time frame either. Real estate values go up on the long run and you can lose money only if you have to sell within a certain time frame" post. I own my own house and I own several pieces of land that I build spec homes on. I don't have to sell them in any time frame, I sell them only if I can make money on them. Real estate investments beat the bank rate returns on the long run. I also own a piece of land that is the site of my future retirement home and even though its value went up tenfold since I bought it, I wouldn't sell it for any amount.

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 04/21/2006 11:15:10

[mella l]

The "Rabi Rule" yes that was our take also. You need to live somewhere so why not here. Hopefully the speculators are moving on to other pastures! Aloha

mella l

[punafish]

So glad where this thread ended up going. All this time I was following the "Rabi rule" and didn't even know it

Tim

[JerryCarr]

A variation on the "Rabi rule" is the common-sense fact that real estate by most accepted rules of accounting is not a liquid asset, i.e., not equal to or easily converted to cash. The ease of home equity lines of credit notwithstanding, thinking of your house as a savings or investment account is probably unwise.

Aloha,
Jerry