04-08-2014, 03:33 AM
agreed - (is that hell freezing over - grin) ....but - some cash to act as a lubricant goes a long way ....
Id have 2 years worth to cover the mortgage in my back pocket if I wasnt a cash buyer
parting comment: I have been traveling a long time - had a stint (20 years or so) on a cruising sail boat - before buying a business that funded my latest move - after working for 20 hours a day to get it right.
What I learned is this - dont go in underfunded - if housing values drop as they did in 2007 - remember all the pundits - values must keep going up..... well they didnt and many folks were stuck here - wanting to leave - .....maybe still here.....
right now my gut feeling is we are seeing another bubble - many of the sales are capital flight (cash deals) as the bond market is collapsing -
when mortgage rates go up, the market will correct again - everything except for bonds are over valued right now - folks are moving to safety - cash for real estate and then renting it out - best returns available imho
while cruising - it was sad to see folks that could not leave .for medical or vacation - much less visit the folks...or a new transmission...... after a while one always needs a vacation from the vacation - and there are times misfortune hits and one needs access to resources
If underfunded here or any other life style - lack of funds means being stuck some place youd rather not be
coming back to hawaii - I have seen more folks burn through more cash - only to find out there really was no opportunity here as is in the "real" world
being on ones last dollar and no where to go - pretty sad existence - especially in a cash talks bullpucky walks place like Puna - maybe thats why I like it so much
but when you are out of cash ....nobody knows your name - unless one has been here long enough to make real friends
from what I read it takes 2 years to be invited to a book club as well - grin
what makes me happy is having a place in hawaii - and a life beyond the web blogs
manana
Id have 2 years worth to cover the mortgage in my back pocket if I wasnt a cash buyer
parting comment: I have been traveling a long time - had a stint (20 years or so) on a cruising sail boat - before buying a business that funded my latest move - after working for 20 hours a day to get it right.
What I learned is this - dont go in underfunded - if housing values drop as they did in 2007 - remember all the pundits - values must keep going up..... well they didnt and many folks were stuck here - wanting to leave - .....maybe still here.....
right now my gut feeling is we are seeing another bubble - many of the sales are capital flight (cash deals) as the bond market is collapsing -
when mortgage rates go up, the market will correct again - everything except for bonds are over valued right now - folks are moving to safety - cash for real estate and then renting it out - best returns available imho
while cruising - it was sad to see folks that could not leave .for medical or vacation - much less visit the folks...or a new transmission...... after a while one always needs a vacation from the vacation - and there are times misfortune hits and one needs access to resources
If underfunded here or any other life style - lack of funds means being stuck some place youd rather not be
coming back to hawaii - I have seen more folks burn through more cash - only to find out there really was no opportunity here as is in the "real" world
being on ones last dollar and no where to go - pretty sad existence - especially in a cash talks bullpucky walks place like Puna - maybe thats why I like it so much
but when you are out of cash ....nobody knows your name - unless one has been here long enough to make real friends
from what I read it takes 2 years to be invited to a book club as well - grin
what makes me happy is having a place in hawaii - and a life beyond the web blogs
manana