10-27-2006, 05:21 AM
"I don't dispute that something is happening but it is hard to know what. The articles I've read are just too vague. They talk about bubbles, they talk about hard landings and soft landings, they talk about downturns and over priced markets. That is all very nice, but what I want to know is what about my house on my street and none of these articles tell me anything about that.
I have to admit, the Hawaii real estate market is a real puzzle to me. Many properties appear to me to be incredibly over priced and YET.... they sell. I shake my head in wonderment. I read about a Honolulu 3 bedroom, 1500 sq ft fixer upper priced at 1.5 mill and I just have no words...."
Lee,
May I get away with mentioning to you that you don't say what you want to do with that house, so it is hard for anyone to answer you reasonably.
) LOL
common communication error here on forum boards....
Would you like to Sell, live in rent or where is it located? is your area in a Good market, slow market.....? Comparative market anaylsis done for you, giving you an evaluation of your house?
Houses prices in the neighbor hood that have sold this year?
What shape is it in, if you are living there how long are you going to stay? Things like that. What are your plans for it and you? Fix it and to what degree?
One thing for certain the future has to be written yet,(speculative) the past it is all there for us to learn from (None speculative for the most part)just given the proper set of reality and which way you view or interprite it. I do appreciate your honesty of asking and saying it is all a mystery to you. We all puzzle about the future, especially if you are looking toward change.
History has a way of being factual and we can draw upon it to help us form our own opinions. You don't need to speculate on the statistical averages of the past they are all written there fairly consisely, but it is best if you keep an even balance about looking at the future and know that the price does fluctuate depending upon when you are in the market. The timing is hard to pick of buying low and selling high. Just do what you feel comfortable with given the facts that present themselves, not on what is pure speculation or someone elses set of beliefs.
If you are still confused, I might write some more for you to mull over and kick around, maybe even trying to be much more precise to show a better understanding.
If so, feel free to write me if anything I have written has a sense of ringing true for you.
We all can have our own thoughts and hold their own values over this, that is fine by me, we all like to gather some facts up to kick around and come to some conclusions with which we feel comfortable with to make a wise decision over. Certainly looking at most likely the largest investments most anyone makes. It does give one pause to look at it from many angles, which is highly prudent to be cautious and use due care and judgement.
Aloha,
Lucy
Having another Great day in Paradise, Wherever that Maybe!
http://groups.yahoo.com/group/TheLanai
I have to admit, the Hawaii real estate market is a real puzzle to me. Many properties appear to me to be incredibly over priced and YET.... they sell. I shake my head in wonderment. I read about a Honolulu 3 bedroom, 1500 sq ft fixer upper priced at 1.5 mill and I just have no words...."
Lee,
May I get away with mentioning to you that you don't say what you want to do with that house, so it is hard for anyone to answer you reasonably.
) LOLcommon communication error here on forum boards....
Would you like to Sell, live in rent or where is it located? is your area in a Good market, slow market.....? Comparative market anaylsis done for you, giving you an evaluation of your house?
Houses prices in the neighbor hood that have sold this year?
What shape is it in, if you are living there how long are you going to stay? Things like that. What are your plans for it and you? Fix it and to what degree?
One thing for certain the future has to be written yet,(speculative) the past it is all there for us to learn from (None speculative for the most part)just given the proper set of reality and which way you view or interprite it. I do appreciate your honesty of asking and saying it is all a mystery to you. We all puzzle about the future, especially if you are looking toward change.
History has a way of being factual and we can draw upon it to help us form our own opinions. You don't need to speculate on the statistical averages of the past they are all written there fairly consisely, but it is best if you keep an even balance about looking at the future and know that the price does fluctuate depending upon when you are in the market. The timing is hard to pick of buying low and selling high. Just do what you feel comfortable with given the facts that present themselves, not on what is pure speculation or someone elses set of beliefs.
If you are still confused, I might write some more for you to mull over and kick around, maybe even trying to be much more precise to show a better understanding.
If so, feel free to write me if anything I have written has a sense of ringing true for you.
We all can have our own thoughts and hold their own values over this, that is fine by me, we all like to gather some facts up to kick around and come to some conclusions with which we feel comfortable with to make a wise decision over. Certainly looking at most likely the largest investments most anyone makes. It does give one pause to look at it from many angles, which is highly prudent to be cautious and use due care and judgement.
Aloha,
Lucy
Having another Great day in Paradise, Wherever that Maybe!
http://groups.yahoo.com/group/TheLanai
Lucy
Having another Great day in Paradise, Wherever that Maybe!
Having another Great day in Paradise, Wherever that Maybe!