Hawaii Tourism Cool Down Looms - good or bad?

[Punatang]

Another 2008 could be really amazing for all of the people who can't afford housing and the homeless

Yes, imaginary 2008 sounds positively fantastic.

But reality 2008 went something like this:
* home prices down 40-50%
* investments down 30-50%
* businesses lost sales, went bankrupt
* unemployment up up up

I tried to buy one of those cheap houses you talked about.  But my investments were down so it wasn’t possible.  I went to my bank of 20+ years, personal & business accounts, asked for a loan with 50% down.  They told me they weren’t writing any new home loans.  But hopefully one of homeless you mentioned above was able to get a loan from his bank, or squat in that house.

Win-win?

Listen to the song man.  Listen to the song.

I paid 62K for a house at the bottom and sold it way too early after only 4 years for 167k.  I put less than 5k and some sweat into it.  Winners and losers.  Tons of people crushed it.  There was a ton of opportunity everywhere. Sorry you couldn't make it work. You have your reality and I have mine. Listen to the song man. Listen to the song.