01-16-2008, 05:24 AM
Oahu 's high end market is still ok, as is the low end for now. But the low end is much reliant on forclosures from low interest variable rate mortgage "fire sales"!
And as has been pointed out, if tourism begins to suffer, the fallout on this island will begin in Kona, but how many people ride the bus or drive there to work, to pay for their house in Puna?
As a district with the lowest tax base, and the highest electric costs, no clean business developments will come. Either our tax will rise with our unemployment increase, or we do somthing like become the only affordable all electric district in the state, a study in EV technology and development, without a drop of the oil we're so dearly paying for to power our geothermal powered homes!
Sorry, it might draw a few tourists! Plus, Pele is keeping things here shaky for now.
And as has been pointed out, if tourism begins to suffer, the fallout on this island will begin in Kona, but how many people ride the bus or drive there to work, to pay for their house in Puna?
As a district with the lowest tax base, and the highest electric costs, no clean business developments will come. Either our tax will rise with our unemployment increase, or we do somthing like become the only affordable all electric district in the state, a study in EV technology and development, without a drop of the oil we're so dearly paying for to power our geothermal powered homes!
Sorry, it might draw a few tourists! Plus, Pele is keeping things here shaky for now.
Gordon J Tilley