04-15-2006, 03:19 PM
John:
Since volume is generally ahead of price reductions or gains, can you give stats on volume month-to-month from the heated peak to today for the Puna area? Also could give a general idea on home financing? I am assuming that out of state buyer cashed out equity or sold their homes on the mainland to pay cash for their houses/lots here? With the prices advancing so quickly how did the locals finance their homes? Did the wages vs. home price force many here to use ARM or IO, like their cousins on the mainland? Would you have a guess at percentages?
Has anyone ever read http://thehousingbubbleblog.com/ ? How do you think the bubbly housing markets on the mainland, especially in California affect the islands?
I have alway been a bit of a contrarian, I get scared when the masses start tumbling in one direction. I was out of the stock market in late 99, and into gold. We sold our house late last year and are staying pretty liquid, although I am starting to reduce my gold holding and moving abit into commodities. Being new here it is a little hard to piece together some of the historical economic data.
Since volume is generally ahead of price reductions or gains, can you give stats on volume month-to-month from the heated peak to today for the Puna area? Also could give a general idea on home financing? I am assuming that out of state buyer cashed out equity or sold their homes on the mainland to pay cash for their houses/lots here? With the prices advancing so quickly how did the locals finance their homes? Did the wages vs. home price force many here to use ARM or IO, like their cousins on the mainland? Would you have a guess at percentages?
Has anyone ever read http://thehousingbubbleblog.com/ ? How do you think the bubbly housing markets on the mainland, especially in California affect the islands?
I have alway been a bit of a contrarian, I get scared when the masses start tumbling in one direction. I was out of the stock market in late 99, and into gold. We sold our house late last year and are staying pretty liquid, although I am starting to reduce my gold holding and moving abit into commodities. Being new here it is a little hard to piece together some of the historical economic data.