Where In Puna...

[mella l]

Oh thanks Pam send um our way! LOL Eden roc sucks canal water!

mella l

[Lee G]

My Thoughts,
Hawaiian Shores Rec has great roads,mail delivery,county water,cable TV,A nice park with swimming pool/tennis courts and "DA Store". My second favorite is Leilani Estates. I live in Ainaloa which has a terrible reputation but we live on a great street where everyone owns their house and very Family friendly. We have a rental in Orchidland which is very peaceful and very green but the roads are terrible.

[Carolann R]

I know what you mean about the roads in Orchidland - but that's almost a plus, Lee LOL! Definitely no speeding there!

John - you made me laugh so hard! You can see something great about much in Puna! I can too! That's why I started this thread...I thought "If I was a potential buyer of a lot or two in ten years, what would be my criteria?" Let's see...paved roads? water? mail? privacy? albizias? near the ocean? close to or further from Hilo? Am I retiree or do I have kids?

Talking to Mella about Baby Boomers was interesting...how many retiring Mella? Was that 200,000 per day or year?

I like the Nanawale lots and HPP is very popular for the proximity to Hilo (need to be careful of the dreaded albizia, though). There's one lot in Nanawale on the HIS now that's oversized and near the top of the subdivision...but even the prices on these lots are starting to rise...if the lot is already priced too high it's not gonna return you too much even after a few years, right?

The possibilities...thanks for your thoughts here!

Carrie

"The opportunities to reach into the lives of others in an inspiring way arise in countless ways every single day..." Dr. Wayne W. Dyer

http://www.cafepress.com/dreamhawaii
http://www.hellophoenix.com/art

[mella l]

Gosh Carrie, I can't find the article googling that bb figure. I don't know for sure but it seems to me it was a per day and then if that were so it would be 20,000.

Closest I could come was Baby boomers born 1946 thru 1964 are a population of 78 million folks.

mella l

[Carolann R]

Thanks Mella - well I found this after some googling...

"The baby boom generation is a demographic term for the population born between 1946 and 1964. Data from the 2000 U.S. Census estimates that the group that holds the “boomer” moniker is made up of at least 82,826,479 individuals. The members of this group range from 41 to 59 years old, which means this demographic behemoth will start leaving the workforce in approximately six years."

Our Real Estate guy here in Arizona said even if you have to stretch it a little to do it, that buying property is the best return on your money. He has a few and looks at them like payment for college for the kids and he and his wife's retirement.

The other thing that is so common - companies don't offer pensions much anymore and IRA's are impredictable - we lost about $800+ in the last three months on one of Tony's. They just aren't what they have been built up to be. (Of course the AIG or AG Edwards guy still wants his money, right?)

P.S. HOLY SMOKES! Puna Beach Palisades is pretty, but whose got that kinda dough???



Carrie

"The opportunities to reach into the lives of others in an inspiring way arise in countless ways every single day..." Dr. Wayne W. Dyer

http://www.cafepress.com/dreamhawaii
http://www.hellophoenix.com/art


Edited by - carolann r on 07/15/2006 06:51:59

[JerryCarr]

Aloha, all. While real estate can be a very good investment, we should all remember that it is not a sure thing and that it is not as easily converted to cash in a pinch as stocks or bonds. For someone with a large and diversified investment portfolio, buying some real estate with hope for price appreciation makes good sense. There are even investment instruments called REITs that are similar to mutual funds in that (in most cases) they spread your risk over a range of properties.

No offense to the respected real estate professionals on this forum, but we should remember that it is their job to get you to buy and they are probably not going to tell you it is a bad idea. Also, prices on the Big Island have a history of serious, and sometimes prolonged, down periods. Lots of very smart and very successful real estate people are now saying that demographic and economic trends have made a serious or lengthy donwturn unlikely. Just remember that history rarely changes long-term patterns on a dime, and when it does, it is usually unpleasant.

[jdirgo]

Jerry, you are absolutely right. Real estate should not be a person's sole investment for their future (although for myself, it is about all I have but at least I have a diversity of real estate investments). Like anything, it should be part of a diverse group of investments. Personally, I don't see myself as a "saleperson" trying to get people to buy real estate. I see myself as more of a "matchmaker" -- trying to match the person to the property, once they have determined that they want to buy real estate here. I've had more than a few people that I've worked with that decided this island wasn't right for them and we stopped our search. No hard feelings and I enjoyed the time we spent. This place isn't for everyone, nor is real estate here the right choice for everyone. It all comes down to the individual's decision and rational choices.

John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell

[Kapohocat]

Curiousity question for the gurus - obviously the boomers have hit 60 - what are your thoughts as they hit 70 & 80 for Puna with less than average medical services?

-Cat

[allensylves]

Cat,
We hope it will be like Field of Dreams - Bring in a bunch more old geezers and the medical care will follow - from a young 61 year-old headed toward Puna.

Allen
Baton Rouge, LA & HPP

[punagirl]

If I could get in a time machine and go back four years I would buy the lot in front of me in Kalapana Seaview. When we bought our lot 4 years ago for $12,000 (SSPP paid in full by prior owner) we thought we would look up the owner in front and buy that one too. Before we could find them, their agent contacted us and advised it was going on the market for $18K. We said no but offered to pay $14000. They declined and my comment was something like " yeah, call us in a year when it's still on the market.!" At that point we had one of the highest sales in the neighborhood. Now that lot would go for up to $100K since we are so close to the front.

My other time machine wishes:
2 lots we passed on in Leilani, side by side on Malama with ocean view $21K for both (this was around 1999). Our reasoning was that they had been clear cut and we wanted "jungle".

Not selling my two HOVE lots for $13K in 2005. If I had just waited a few months. I chalk that up to the worlds crappiest real estate agent.

I wish I had bought a whole block in Kalapana Seaview around 2000. YOu could have owned a block for less that $50K.

Puna Beach Palisaides when they were $18K or Kehena when it was around $30K

A condo in Waikiki When they were still super cheap!

We are considering Hawaiian Acres now that the prices have leveled off again.

Atlanta/Pahoa