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Decline in Real Estate
Aloha Radioguy,
-.. . .-- .... ...... -- -

If it had been bad enough that folks had thought they were going to die and if there had been folks injured really badly and dying, then I could see the "run away!" sort of response happening. It was scary and the world is a bit more of nervous place, at least for now, but it didn't seem as bad as the mainland news services seem to be trying to make it.

A hui hou,
Cathy




"I like yard sales," he said. "All true survivalists like yard sales." 
Kurt Wilson
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Speaking of mainland news coverage, IMHO it sucked! I'm grateful that there are web forums that one can actually get useful information from, and not suffer with traditional media. It seemed as if they were competing to who could sensationalize the most while giving the least info.
Aloha
Richwhiteboy

"I believe in equality for everyone, except reporters and photographers."
| -Mahatma Gandhi
“Sometimes the truth hurts. And sometimes it feels real good.”
- Henry Rollins

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Here ya go Tahunatics (I think it was you)
Scripps Howard News Service

S. FL Islander to be

Edited by - oink on 10/19/2006 06:50:16

Edited by - oink on 10/19/2006 06:50:41
Pua`a
S. FL
Big Islander to be.
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quote:
What happened to Pakalolo farming as a backup occupation?

S. FL Islander to be



I believe that was you that mentioned that. I previously mentioned industrial hemp after your statement, I was NOT talking about the kind you smoke, there is a difference. Industrial hemp has historically played a large part in this country agriculturally. Aloha to you too!

The following quote is from the Hawaiian Acres Community Association:

..."Also, dialogue has begun regarding the merits of industrial hemp, a non-drug strain of cannabis. This fiber producing plant is used elsewhere in the world for paper, clothing, essential oils, and other uses. Should industrial hemp studies prove to be a feasible, viable and a prudent agricultural venture, and if changes to the current laws allow, it could likely be a future crop for Hawaiian Acres, considering our ideal climate."

http://www.hawaiianacres.org/history.shtml

Industrial hemp history in USA:

* All schoolbooks were made from hemp or flax paper until the 1880s; Hemp Paper Reconsidered, Jack Frazier, 1974.

* It was LEGAL TO PAY TAXES WITH HEMP in America from 1631 until the early 1800s; LA Times, Aug. 12, 1981.

* REFUSING TO GROW HEMP in America during the 17th and 18th Centuries WAS AGAINST THE LAW! You could be jailed in Virginia for refusing to grow hemp from 1763 to 1769; Hemp in Colonial Virginia, G. M. Herdon.

* George Washington, Thomas Jefferson and other founding fathers GREW HEMP; Washington and Jefferson Diaries. Jefferson smuggled hemp seeds from China to France then to America.

* Benjamin Franklin owned one of the first paper mills in America and it processed hemp. Also, the War of 1812 was fought over hemp. Napoleon wanted to cut off Moscow's export to England; Emperor Wears No Clothes, Jack Herer.

* For thousands of years, 90% of all ships' sails and rope were made from hemp. The word 'canvas' is Dutch for cannabis; Webster's New World Dictionary.

* 80% of all textiles, fabrics, clothes, linen, drapes, bed sheets, etc. were made from hemp until the 1820s with the introduction of the cotton gin.

* The first Bibles, maps, charts, Betsy Ross's flag, the first drafts of the Declaration of Independence and the Constitution were made from hemp; U.S. Government Archives.

* The first crop grown in many states was hemp. 1850 was a peak year for Kentucky producing 40,000 tons. Hemp was the largest cash crop until the 20th Century; State Archives.

* Oldest known records of hemp farming go back 5000 years in China, although hemp industrialization probably goes back to ancient Egypt.

* Rembrants, Gainsboroughs, Van Goghs as well as most early canvas paintings were principally painted on hemp linen.

* In 1916, the U.S. Government predicted that by the 1940s all paper would come from hemp and that no more trees need to be cut down. Government studies report that 1 acre of hemp equals 4.1 acres of trees. Plans were in the works to implement such programs; Department of Agriculture

* Quality paints and varnishes were made from hemp seed oil until 1937. 58,000 tons of hemp seeds were used in America for paint products in 1935; Sherman Williams Paint Co. testimony before Congress against the 1937 Marijuana Tax Act.

* Henry Ford's first Model-T was built to run on hemp gasoline and the CAR ITSELF WAS CONTRUCTED FROM HEMP! On his large estate, Ford was photographed among his hemp fields. The car, 'grown from the soil,' had hemp plastic panels whose impact strength was 10 times stronger than steel; Popular Mechanics, 1941.

* Hemp called 'Billion Dollar Crop.' It was the first time a cash crop had a business potential to exceed a billion dollars; Popular Mechanics, Feb., 1938.

* Mechanical Engineering Magazine (Feb. 1938) published an article entitled 'The Most Profitable and Desirable Crop that Can be Grown.' It stated that if hemp was cultivated using 20th Century technology, it would be the single largest agricultural crop in the U.S. and the rest of the world.
Steve & Regina
Hawaiian Acres / North Lake Tahoe

'If you don't know where you're going, any road will get you there' - George Harrison
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My earlier post about farming was intended as humor. The last was meant as friendly supportive post with an URL, resulting from an obvious misunderstanding of your original intent. Personally, having been a boomer who came of age during the late 60s early 70s, I found the article interesting. Hopefully some good will result from the lifestyle of my youth Wink
Aloha

S. FL Islander to be
Pua`a
S. FL
Big Islander to be.
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West Hawaii Today, said that the major insurance companies, do not offer earthquake insurance on the Big Island. Surplus line carriers do, but the premiums are high, and I bet they went higher due to the recent eartquake. When prospective home buyers get sticker shock, when pricing eartquake insurance, and with the damage due to the recent quake still in their mind, they will be in less of a mood to buy on the Big Island, and will buy on the other islands that have more reasonable eartquake insurance. This should add to the already downturn in the price of real estate on the Big Island.
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Maybe.... doesnt seem to stop Calif's from purchasing in their area....

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New Orleans became a hot market after the hurricane too. The two hurricanes skirting the BI in the '90's didn't cause tanking prices either.

Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185

Edited by - John S. Rabi on 10/25/2006 16:58:25
This is what I think of the Kona Board of Realtors: http://www.nsm88.org/aboutus.html

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Consensus of most Real Estate experts is that there will be millions of foreclosures natonwide, after the first of the year, due to the adjustment upward of ARMs, many people are ot going to be able to afford the increase in their payments. This will hurt the Big Island real estate market directly and indirectly, because those people will not have money to buy real estate.

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Its happening on the mainland, but it cant happen here cause we are in Hawaii.

http://www.breitbart.com/news/2006/10/26/D8L0C4N00.html

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