09-24-2006, 12:17 PM
Yes I admit I am a pessimist on housing here.
But its from living living here in Kona my
entire life, I've observed the economic trends that have happened over the last 30 years.
Basing Hawaii's economy on unstable things like real estate does not permit adequate planning.It is why we have poor infrastructure on this island.
During any downturns, the government rezones a ton of land for the next big rush and says "oh we cannot build infrastructure, because
we don't have the money" Hence the catch up
the government is trying to do now.
Frankly it all adds up to a lot of frustration for yours truly.
But its from living living here in Kona my
entire life, I've observed the economic trends that have happened over the last 30 years.
Basing Hawaii's economy on unstable things like real estate does not permit adequate planning.It is why we have poor infrastructure on this island.
During any downturns, the government rezones a ton of land for the next big rush and says "oh we cannot build infrastructure, because
we don't have the money" Hence the catch up
the government is trying to do now.
Frankly it all adds up to a lot of frustration for yours truly.