Housing Bubble in Puna?

[John S. Rabi]

Jared, it's scary to see all these "creative" mortgages like interest only, 3-2-1, ARM, etc., lenders are offering. Some people will get burned and some people will get burned bad. However, I never look at the value of my primary residence since it doesn't matter how much it is worth, I have to live somewhere. I don't look at real estate investments in a time frame either. Real estate values go up on the long run and you can lose money only if you have to sell within a certain time frame. I remember when the Alii Lani condos in Kona were $99K and they are $370K now. I already saw the SAME condos on Oahu for $800K. Alii Lani will be $800K too, it's just a question of time.

Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185