08-18-2006, 05:21 AM
Aloha Brian,
I dunno personally about steel construction near the coast, but when I had a boat and lived on it, steel was not your friend. Stainless steel of 306 or better and bronze were your friends, but not just regular steel. I would personally suspect even galvanized steel if it is close to the coast. Although it is enclosed in the walls and shouldn't be a problem, so it is probably just a personal worry and not something to actually be concerned about.
However, I doubt the steel construction is the reason folks aren't buying up the houses. The market is slowing down so now we are starting to see these auctions, the "open house" parties and balloons, the free car giveaways and all sorts of other incentives to come look at the houses. I think these aggressive marketing ploys will probably work to keep the sales numbers up for awhile, but soon even these tactics won't work and the sales numbers and amounts will fall. I'm suspecting the lowest rates will be about 25% above what the retail house prices were from 2001. Then the prices will swing around and go back up even higher than they were at the last price swing. It will take several years, though since this whole cycle runs between seven and ten years or so.
Hey, maybe we should start a club for those folks who haven't been kicked off KonaWeb yet. Ha! How about a club for folks who have never been a member of KonaWeb and could care less about it? Hehehehe!
Oh well, back to the drawing board for me. Work doesn't wait.
A hui hou,
Cathy
I dunno personally about steel construction near the coast, but when I had a boat and lived on it, steel was not your friend. Stainless steel of 306 or better and bronze were your friends, but not just regular steel. I would personally suspect even galvanized steel if it is close to the coast. Although it is enclosed in the walls and shouldn't be a problem, so it is probably just a personal worry and not something to actually be concerned about.
However, I doubt the steel construction is the reason folks aren't buying up the houses. The market is slowing down so now we are starting to see these auctions, the "open house" parties and balloons, the free car giveaways and all sorts of other incentives to come look at the houses. I think these aggressive marketing ploys will probably work to keep the sales numbers up for awhile, but soon even these tactics won't work and the sales numbers and amounts will fall. I'm suspecting the lowest rates will be about 25% above what the retail house prices were from 2001. Then the prices will swing around and go back up even higher than they were at the last price swing. It will take several years, though since this whole cycle runs between seven and ten years or so.
Hey, maybe we should start a club for those folks who haven't been kicked off KonaWeb yet. Ha! How about a club for folks who have never been a member of KonaWeb and could care less about it? Hehehehe!
Oh well, back to the drawing board for me. Work doesn't wait.
A hui hou,
Cathy
Kurt Wilson