04-22-2024, 07:08 PM
(This post was last modified: 04-22-2024, 07:16 PM by ChunksterK.)
Interesting op-ed piece on this topic at Civil Beat today:
https://www.civilbeat.org/2024/04/hawaii...expensive/
This was written by a developer who can in no way be unbiased, but some of what he says about the departure of the Hawaii real estate market from normal economic restraints is spot on. Pay particular interest to what he says about outside buyers distorting the market. In my part of HPP, more than a few of those speculatively built houses have been bought by mainlanders, sometimes without even seeing them in person. Imagine their surprise to find a rooster farm next door. Does anyone know if sellers would be required to disclose rooster farms? Since most of the Puna subdivisions are zoned agricultural, I suspect not.
https://www.civilbeat.org/2024/04/hawaii...expensive/
This was written by a developer who can in no way be unbiased, but some of what he says about the departure of the Hawaii real estate market from normal economic restraints is spot on. Pay particular interest to what he says about outside buyers distorting the market. In my part of HPP, more than a few of those speculatively built houses have been bought by mainlanders, sometimes without even seeing them in person. Imagine their surprise to find a rooster farm next door. Does anyone know if sellers would be required to disclose rooster farms? Since most of the Puna subdivisions are zoned agricultural, I suspect not.