11-16-2006, 09:47 AM
Gee, I started a political thread that had less arguments and vitriol than this one!! I have an amateur and academic interest in the ecomomics of real estate, and I have opinions, but I just can't seem to get as excited about it as some folks.
I still think we are going through a correction and not a crash, and that the basic demographics and comparative ecomomics will continue to make Hawaii attractive to many mainlanders. Homes in the Bay Area, New York, Los Angeles, and quite a few other areas could lose 25% of their value and the BI would still look very cheap to someone wanting to retire to a nicer place.
John D., I applaud your group for offering locals help in attaining ownership. Your timing is critical, because I expect prices to start going up before too long. Try to help as many as you can, and if you can make some commissions while you're at it, so much the better.
Cheers,
Jerry
I still think we are going through a correction and not a crash, and that the basic demographics and comparative ecomomics will continue to make Hawaii attractive to many mainlanders. Homes in the Bay Area, New York, Los Angeles, and quite a few other areas could lose 25% of their value and the BI would still look very cheap to someone wanting to retire to a nicer place.
John D., I applaud your group for offering locals help in attaining ownership. Your timing is critical, because I expect prices to start going up before too long. Try to help as many as you can, and if you can make some commissions while you're at it, so much the better.
Cheers,
Jerry