09-13-2009, 02:43 PM
I didn't weigh in on the topic title because I don't live in HPP, but I do know that rents are going down pretty much island wide. My son signed a lease in Waikoloa 18 months ago, after a year he negotiated a rent reduction. The landlord started having to pay some of the mortgage out of pocket, and sent a local realtor over who handles a lot of rentals, to appraise the rental price. He told the landlord that at the reduced price even he will not get a penny more in the current market, is in fact getting top dollar for what it is.
Even up in North Kohala where rentals are always scarce, prices have slipped. Also landlords are being less adamant about pets and stuff, from what I hear.
Even up in North Kohala where rentals are always scarce, prices have slipped. Also landlords are being less adamant about pets and stuff, from what I hear.