11-26-2006, 03:07 AM
http://www.honoluluadvertiser.com/apps/p...60305/1071
I thought everybody wanted to move here especially the "boomers": Peter Aiello, president of Aiello Development, said the incentives were a response to 10 or 11 cancellations mostly from Mainland buyers. "That hit us hard," he said. "A lot of Mainland (investors) have dropped out."
I sure we had a paradigm shift because history doesn't repeat: "The last time Hawai'i developers offered widespread incentives for home purchases was during the mid- to late-1990s market decline."
Maybe this guy knows something, notice his use of "had": "We're not lowering our prices," he said. "We've had really brisk sales."
Incentives are indictative of lower prices, who pays for these? The Incentive Fairy? Nope, its the builder. Check what recently happened on the mainland with builders offering incentives and now offering price reductions. Incentives just keep the market artificially high.
I thought everybody wanted to move here especially the "boomers": Peter Aiello, president of Aiello Development, said the incentives were a response to 10 or 11 cancellations mostly from Mainland buyers. "That hit us hard," he said. "A lot of Mainland (investors) have dropped out."
I sure we had a paradigm shift because history doesn't repeat: "The last time Hawai'i developers offered widespread incentives for home purchases was during the mid- to late-1990s market decline."
Maybe this guy knows something, notice his use of "had": "We're not lowering our prices," he said. "We've had really brisk sales."
Incentives are indictative of lower prices, who pays for these? The Incentive Fairy? Nope, its the builder. Check what recently happened on the mainland with builders offering incentives and now offering price reductions. Incentives just keep the market artificially high.