05-16-2006, 12:32 PM
Definition of affluent:
prosperous; flourishing; copious; rich; abundant; wealthy
I'm surprised that some people think that people with money have to be somehow bad or shallow. There are probably as many crooks amongst the rich as amongst the poor. Everybody is different.
Andrew you said:
Please consider the possibility that high real estate prices are not necessarily jacked up by "affluent people", but by the sellers of properties. Many of them thought and many still do "well if I can sell my property for twice the amount, why shouldn't I do it. Hey I make an extra $40K. Not bad." If you were watching the price development in Puna you know that plenty sellers in Puna overpriced their properties to make a big buck. (And those were not necessarily rich people coming from somewhere else.) The market in Puna is still very unregulated and you have to do a lot of your own due diligence work if you don't want to get ripped off.
michael
http://www.punaguide.com
prosperous; flourishing; copious; rich; abundant; wealthy
I'm surprised that some people think that people with money have to be somehow bad or shallow. There are probably as many crooks amongst the rich as amongst the poor. Everybody is different.
Andrew you said:
quote:
There is no question that more affluent people are moving into Puna whether we like it or not. All one needs to do is to observe the way real estate prices have gone up exponentially and that in itself is proof.
Please consider the possibility that high real estate prices are not necessarily jacked up by "affluent people", but by the sellers of properties. Many of them thought and many still do "well if I can sell my property for twice the amount, why shouldn't I do it. Hey I make an extra $40K. Not bad." If you were watching the price development in Puna you know that plenty sellers in Puna overpriced their properties to make a big buck. (And those were not necessarily rich people coming from somewhere else.) The market in Puna is still very unregulated and you have to do a lot of your own due diligence work if you don't want to get ripped off.
michael
http://www.punaguide.com