08-16-2006, 11:11 AM
As an aside, sometimes real estate investment benefits the state/county more than the investor, and so indirectly helps those who do not invest in property, by increasing tax revenue. As an example, I bought property (raw land) in HPP a few years ago. I am just getting ready to build now. However, in the meantime the lot value has been re assessed upward to more than three times what I bought the land for, and with this my taxes have also increased. I also pay for road maintenance although as a 'mainlander' I don't use the roads currently. BUT, all this said, I bought because I love BI and Puna, and as Will Rogers said "Buy land, they ain't making any more of it".
Aloha,
Aloha,