|
New to Puna forums looking at possibly buying land
|
05-10-2006, 07:39 AM
Was curious what the boards thoughts on buying land in Puna now? Im 22 atm, looking to make a good land investment for retirement/vaction. Prices seem to have gone up alot in the last 5 years; was wondering what your thoughts on this were (housing bubble?) I was looking at Puna and the differences between the subdivisions and was wondering what people think of Hawaiian Paradise Park. Thanks for your responses.
05-10-2006, 08:46 AM
Yeah my thoughts exactly I have a good amount of cash on hand and can put more then 50% down on the land without a loan. Im hoping the higher intrest rates will knock down these outrageous housing prices across the U.S.
05-10-2006, 11:22 AM
Nullzero, I e-mailed you the "Grass Shack Money Machine" article privately. You can't time the market. You are young and if you plan to invest for a long term it doesn't matter when you buy. People are screaming about the "bubble" but the truth is our market is down only 6% compared to the January-April 2005 time frame and Puna is vastly undervalued IMHO.
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
05-10-2006, 03:44 PM
We live in HPP and love it. It's a short drive to either Hilo, or the lower Puna beach parks. Only drawback is that it's all on catchment, which we dont really mind too much, and you have to pick up your mail at the post office in Keaau, as there is a looooong wait for a box here in HPP.
Aloha, Mark
05-10-2006, 08:45 PM
Looking at the Hawaiian real estate market the last few years, I would say that I expect the prices to go up (and like the 6% that John is referring to, I think that is more a temporary phenomenon that can end any time). Puna will definitely get more popular, because it is basically the last affordable spot in Hawaii, that has a very special character. Hilo will probably slowly grow into a eastside Kona and where will the people from there go then? Puna seems to be the best possibility.
michael http://www.punaguide.com
05-11-2006, 07:59 AM
I was looking at buying this upcoming winter. Was looking at www.hilobrokers.com and searching through the properties to get an idea on prices. I figured around december the prices will get a little soft compared to the summer buying craze the last 2 summers.
05-11-2006, 09:33 AM
The only web site you should check for real estate is www.hawaiiinformation.com. It's our MLS system and it's up to date. All the others are buying the data from MLS and displaying it on their web sites. Some of those web sites are weeks behind the updated data.
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
05-11-2006, 09:47 AM
http://www.hawaiiinformation.com./ shows the going price for a lot in HPP to be around $60K. That's actually not too bad compared with a few months ago when it was $80K. I would wait to see if it goes lower. Our friends in the realestate business are right that in the long run, prices go up but they can also be volatile in the short term. Remember the 80s?
|
|
« Next Oldest | Next Newest »
|
, dont remeber much of the 80s however I know my parents house went down 15% or more after they purchased it.