03-29-2010, 09:46 AM
tony, that is my point exactly. something is wrong when thats the case. How is it more productive of your money to clear and build than to pick up a brand new existing house that has never been lived in? there are some serious mixed signals in the market. the banks and government are continuing to distort the situation. the mls listing for puna are a joke! 190K for a house in ainoloa or HPP! are people crazy.. once these houses start going for <100k then the market will possibly clear... the problem is that, there are not enough people for all the houses..