Posts: 11,051
Threads: 753
Joined: Sep 2012
Puna needs-
-------------
Double wides with ocean view!
Malibu has at least three trailer parks, some with ocean views.
If movie stars have accepted them as neighbors, it should be acceptable for Puna.
I alternate between thinking of the planet as home — dear and familiar stone hearth and garden — and as a hard land of exile in which we are all sojourners. Today I favor the latter view. The word “sojourner”... invokes a nomadic people’s sense of vagrancy, a praying people’s knowledge of estrangement, a thinking people’s intuition of sharp loss: “For we are strangers before thee, and sojourners, as were all our fathers: our days on the earth are as a shadow, and there is none abiding.” - Annie Dillard
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves
Posts: 1,086
Threads: 10
Joined: Aug 2016
quote:
Originally posted by terracore
Not sure why we need two threads from different forums on the same topic, but here's my cross post:
As far as I know, most of the lots in upper Puna are still undeveloped. What is the point of making a new subdivision? There are plenty of lots for sale currently listed. More would be listed if there was any real market for them.
A more logical "land swap" would be something along the lines of: somebody displaced by lava buys undeveloped land and in exchange for deeding their old property to the county (or state, or whoever), they get a tax credit of some kind. Maybe it could be developed land, I don't know, that is above my pay grade.
It seems like Ruderman is trying to re-invent the real estate wheel, which is unnecessary with so many existing lots already available. Bringing in bulldozers, surveyors, water lines, yada yada yada is nonsense overkill when this can be handled with paperwork using existing real estate that is in abundance.
Once the existing properties are getting sold, it would prime the market for getting those bank-owned houses for sale. Adding subdivisions would have the opposite effect.
This just seems like common sense. If I'm off my rocker then feel free to point it out.
ETA: content/italics
This does seem like the simplest of solutions. If you are off your rocker it's only because you fail to recognize that common sense is not allowed in our county government.
Posts: 703
Threads: 15
Joined: Jun 2013
It is the scarcity of affordable homes that must to be addressed, some kind of way, before we end up like the cities in Calif.
Yes, mortgages are available on leasehold land, we had one in Kona. And manufactured homes built on the Leeward coast of Oahu could also be mortgaged.
Having lived in Hawaii for most of my life, knowing the history of land development here (Land and Power in Hawaii, Gavan Daws), I am skeptical of local gov. officials being the lead in any land development.
The notion of a long established, well respected non profit organization , such as Habitat for Humanity , gives me a sense of security , that a new subdivision could actually be for our citizens and not for the benefit of those in power.
Posts: 11,051
Threads: 753
Joined: Sep 2012
You can get a mortgage on leased land.
There are currently 17 real estate listings on Big Island for single family homes that are on leasehold properties. A few in Puna:
https://www.alohaliving.com/search/search/?page=1&ipp=10&idxid=HawaiiInformationService&island=3&form=RES&tenure=LH&minprice=0&maxprice=1316134911&minbeds=0&maxbeds=999&minbaths=0&maxbaths=999&minarea=0&maxarea=0&sorttype=price&sortdir=desc
I alternate between thinking of the planet as home — dear and familiar stone hearth and garden — and as a hard land of exile in which we are all sojourners. Today I favor the latter view. The word “sojourner”... invokes a nomadic people’s sense of vagrancy, a praying people’s knowledge of estrangement, a thinking people’s intuition of sharp loss: “For we are strangers before thee, and sojourners, as were all our fathers: our days on the earth are as a shadow, and there is none abiding.” - Annie Dillard
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves
Posts: 966
Threads: 61
Joined: Jan 2006
even if the land is free (state) the cost of brand new infrastructure will certainly exceed, the value of buying them lots in existing subdivisions and repairing the infrastructure that is in place. for small lots many are under 10K and empty (aloha estates, pacific paradise mt. view manor, glenwood gardens, tiki gardens, etc. for acreage still in the teens are eden roc, hawaiian acres, mauna loa estates, etc. etc. when you hear the number for just the roads per mile without the surveys and water and everything else, you see the county could buy these lots, or give away the many many that are already in foreclosure and owned by the county. they then could pave the existing roads to the same standard they used on eight road in hawaiian acres, may 24 feet across, and help out all the taxpayers at the same time as helping the evacuees. if the county is providing the work, then the costs is even greater yet then private contractors i would think...
Posts: 1,955
Threads: 100
Joined: Aug 2005
quote:
Originally posted by leilanidude
Seeb - No bank is going to give you a mortgage leased land.
------------
Not true. You can get a mortgage on leased land. In most cases though, the mortgage term must be less than the lease expiration date. For example, if your lease is 20 years, the mortgage cannot be a 30 year term.
Didn't think they still did that after the bubble burst.
Posts: 7,743
Threads: 686
Joined: Jun 2011
What about existing properties that the county is going to put into tax auction? Is there some way to put them into state ownership, wait the required year, and then do a land swap with it?
|
