08-20-2006, 02:18 PM
As far as the DH Auctions go....IMHO it seems like the developers just built too many inexpensive homes in an area that just isn't growing as fast as Puna is. DH is a lovely area but development there has been slow because it's pretty much in the middle of nowhere and there are very few services nearby. Some people love that about DH but most of the people buying in that price range will need to have jobs and the commute would be almost impossible in either direction, I would think.
It will be interesting to see if the homes are actually purchased by individuals planning on living there or be gobbled up by investors who plan to rent them out. If they do turn out to be mostly rentals I think that lots of people will be loosing money.
Thanks for listening....
Aloha,
Paula
It will be interesting to see if the homes are actually purchased by individuals planning on living there or be gobbled up by investors who plan to rent them out. If they do turn out to be mostly rentals I think that lots of people will be loosing money.
Thanks for listening....
Aloha,
Paula
PunaPaula