03-29-2010, 10:26 AM
Alex, Markets go up, peak, and go down. The basic problem is that everyone seeks a realtor with a crystal ball. There is nothing new or unique with local housing prices being perceived to be high. If they are high - they don't sell. Market forces. Haste is rarely rewarded in real estate - patience is.
Puna got seriously overbuilt with spec homes, mostly by local contractors. Unfortunately they all seemed to build the same 3+2. A glut and one one wants to bite the bullet and take a big loss.
Puna got seriously overbuilt with spec homes, mostly by local contractors. Unfortunately they all seemed to build the same 3+2. A glut and one one wants to bite the bullet and take a big loss.
Assume the best and ask questions.
Punaweb moderator
Punaweb moderator