04-17-2006, 06:07 PM
It wasn't the mainland economy that had anything to do with Big Island house prices in the late nineties, it was sugar leaving. Sugar left the same year there were massive welfare cutbacks and Hilo lost about 40% of it's economic base. So, 40% of the people left. You couldn't GIVE houses away after sugar left. The prices of houses were peanuts and when folks tried to buy houses afterwards, the comparables came in so low they weren't worth selling even if you could find a buyer.
Hawaii real estate seems to run on a seven year cycle. Check and see if that fits.
Hawaii real estate seems to run on a seven year cycle. Check and see if that fits.
Kurt Wilson