03-07-2018, 03:31 AM
Mainland people (happily) paid over 100k for a lot in HPP and built
During the real estate boom, I remember at one point the lowest listed lot in HPP was $100,000. I believe this was around 2005-2006. A neighbor of mine was buying and selling regularly during this time. He bought a lot on 1st Street without an ocean view for $180,000, then sold it two months later for either $360,000 or $380,000. Right after the papers were signed the bottom dropped out of the market. Today that lot might still be worth only $130,000-$150,000???
Those were crazy times. Anyone who knew the difference between a hammer and a saw was hired as a carpenter. There were some shoddily constructed homes built in those years.
“Yeah, well, that’s just, like, your opinion, man." - The Dude
During the real estate boom, I remember at one point the lowest listed lot in HPP was $100,000. I believe this was around 2005-2006. A neighbor of mine was buying and selling regularly during this time. He bought a lot on 1st Street without an ocean view for $180,000, then sold it two months later for either $360,000 or $380,000. Right after the papers were signed the bottom dropped out of the market. Today that lot might still be worth only $130,000-$150,000???
Those were crazy times. Anyone who knew the difference between a hammer and a saw was hired as a carpenter. There were some shoddily constructed homes built in those years.
“Yeah, well, that’s just, like, your opinion, man." - The Dude
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves