Let's Move to Hell!

[Derrick Barnicoat]

Pahoated...what's your point?

[avnav]

quote:

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Originally posted by BI-Curious

I bought my place in Shores and closed escrow on June 20, 2014. Yup, that's right. One week before the current flow started. Because I've got great timing that way. [xx(]

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We've got you beat- bought our house for cash (using my retirement savings money) on Kahala (aka Railroad), soon to be a major highway. Closed on July1. Put off buying insurance until I found a job, only to be told there was a moratorium on insurance in our zone.
Oh well, if we have to start over we're still better off than many people in this world.

[OnoOno]

quote:

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Originally posted by BI-Curious

I bought my place in Shores and closed escrow on June 20, 2014. Yup, that's right. One week before the current flow started. Because I've got great timing that way. [xx(]

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What do you see the market doing in the next few months (S & P 500, particularly)!!!!!

Ono - So Fast - So Tasty!

[mmbvd7]

If there is a great deal on property, why not do a "lease with option to buy"? That way, could look at it as "renting", but also lock in a decent price if the area is missed. Still, I would really take a look at all the threads and what folks are saying about being on "the other side". That may be what you all want; then again, maybe not. Sounds like you all have been here quite a bit...but that was prior to this north east flow, right?

Best of luck in your decision. A lot of things to consider, no doubt.

Best wishes

[PauHana]

Most other countries do not want retired Americans who don't come with bags and bags of money.
Australia requires (I believe) 750 k for you and another 250 k assets for a spouse, to qualify. Good for four years visa ,then every two years after that you need to re qualify and prove you are in good health. You also have to be able to drink a case of Fosters without falling off the bar stool (at least not more than 2 or 3 times)
That's scarier than lava. (Not the Fosters part, the health part.)

[Mimosa]

A fool and it's kala are soon separated is the old adage.

Unless you have the hundreds of thousands to get your great deal in Hawaiian Shores that may soon be inaccessible or be burnt down by an ever slowly approaching lava flow,then go for it.

My wife and i strongly suggest you rent 1st,take at least a year,maybe two renting somewhere in puna north of Ainaloa and look around at what is available within your financial means.

Check with the police on how many thefts and burglaries in any place you intend to buy.

It is like buying a used vehicle site unseen from afar.
heck , we can sell you a 2003 toyota tacoma 2 wheel drive 5 speed 4 cylinder in perfect condition and 78000 miles and all it needs is a battery for 1500$ .

We also have a 3 acre lot in HawaiianAcres that has a river running through it when it rains heavy for $7000.Of course you can not build on the lot as it floods and you can not doze the lot .

Site unseen we can also sell you a polar bear in a snowstorm north of the arctic for a mere 300$.

Rent 1st for at least a year,maybe longer and forget the H.Shores deal.

There is a reason why it is so cheap and they are looking for a sucker just like you to take over their head ache.

Good Luck.

[ericlp]

Well, don't worry your taxes will go down. I know that is a slap in the face for most. If you don't have insurance your probably better off since... Look at all the money you saved!

Besides that, most homes in the shore/beaches subs will not get hit with lava but, making it super miserable for people driving around chain of craters road to go get mail and toilet paper...

But, look on the bright sides, the lava could stop tomorrow, and start flowing back down on the south side in a few months. We can HOPE!


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To email me click on Link http://is.gd/QMfVEX

[Lodestone]

Thanks to all for the insightful responses. The house in question is/was a great deal, period. Around $160K for a $300K house, IMHO. It's a decent gamble financially, but a bad bet emotionally, methinks... don't need the stress.

Am confused by the Puna real estate market...with this sole exception, I haven't seen prices weakening. Is anyone actually still paying $400K for a nice house in lower Puna? I keep expecting a sort of "fire sale" if you will, but nothing yet, as far as I can tell. Or did prices plummet already this summer? Or is everyone just in a state of hopeful denial?

Have spent a few months touring Australia...just stay south of Sydney and on the coast and no worries about critters or sharing the glorious beaches with anyone or anything.

Will likely wait and see, and buy elsewhere on the BI if need be.

Thanks again!

[ericlp]

Only the rich can afford to move. Most of us have no where else to go. If we sell out, I'll have to rent. Might as well see what happens... It's what most of us can only do. Tho, I suppose if someone offered me 35K cash, I'd be thinking about it hard!


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To email me click on Link http://is.gd/QMfVEX

[Lodestone]

quote:

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Originally posted by Mimosa

It is like buying a used vehicle site unseen from afar.

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Just to be clear, we flew out, secured a realtor, and inspected the property in question two weeks ago. As soon as Pele found out we were in town, she woke up and stormed down to Pahoa. As soon as we left, she screeched to a halt. I'm not sure she likes us. Or maybe she likes us a lot...still catching up on local culture.

Our visit would have made the worst episode of "Hawaii Life" ever.[]