04-17-2006, 03:57 PM
John, as a realtor, what do you think is the relationship between California markets and the local one? I have a theory that as long as people in California (and other overheated mainland markets) find Puna real estate comparatively cheap and feel weathy due to equity, they will keep buying. That will make local prices higher than they might otherwise have been. If those markets drop, what will happen here?
BTW, my interest is academic and esoteric. I bought my home to live in, and don't see it as an income producing investment. I have posted before on the destructive effect of speculation on local people trying to buy a first home. Hopefully, some of them may be able to take advantage of the recent softening of the market.
Aloha,
Jerry
BTW, my interest is academic and esoteric. I bought my home to live in, and don't see it as an income producing investment. I have posted before on the destructive effect of speculation on local people trying to buy a first home. Hopefully, some of them may be able to take advantage of the recent softening of the market.
Aloha,
Jerry