It is truly remarkable just how many variables, which would be very difficult to predict, have an effect on hyper local markets like HPP.
One example of this,
that is hot in the news, is the shrinking household size in Hawaii which accounts for a stagnant or shrinking population occupying even greater numbers of housing units as our generally larger family units move away and smaller family units that can afford to live in Hawaii move in. This
documented phenomenon appears to create more demand for the available supply of homes.
Also hot in the news,
over in the tephra thread, is how it is now just downright scary to be living in an area where high volcanic activity is the new normal and where 99% of folks' water supply comes from their rooftops. We have neighbors out willy-nilly with high power blowers -blowing hazardous materials at us that are
documented health risks. It's reasonable to assume that some of the contaminants penetrated a high number of our water systems.
Vog alone is enough of a health risk to give pause to potential home buyers.
During the event itself, we were advised to disconnect our water storage from our water supply during an extended dry period. If this dry weather keeps up, no doubt the water haulers will be enjoying the windfall (no pun intended) we have to pay for this basic resource we require to survive.
Feels kinda 3rd world in HPP right now which is something that Realtors might not point out to low information buyers, but that savvy buyers might observe and then astutely decide to demand something else. One could reasonably surmise that this documented phenomenon of water and air quality issues due to high volcanic activity would decrease the demand for the available supply and would push housing prices lower.
It is all so fascinating to me and I appreciate all of you who have contributed to Punaweb's awareness of the hyper local and not so local nuances that Realtors might not be aware of or simply forget to mention to home buyers evaluating a purchase in HPP.
Caveat Emptor.
