Hawaii life is about to get more expensive

[Wao nahele kane]

This perhaps means we can expect a greater flow of people from Oahu moving to the Big Island.

http://www.housingwire.com/articles/2953...-expensive

[Anxious Messiah]

The Big Island is to Oahu what Oregon and Washington were to SoCal folks in the 80's and 90's.

[unknownjulie]

Wow, this actually is fantastic news for anyone on the BI that owns property here. Only a matter of time. Oahu is already a concrete jungle, and I can't imagine how anybody born and raised there can afford it. I wonder if it's the chinese, or american buyers that are driving up the prices?

[Frank]

but dang... "the island of honolulu"?

[punafish]

Actually the only folks (other than the rich) who CAN afford living on Oahu are those born-and-raised who inherited a house from parents...I know a few.

[Guest]

There is a thin line between, having decent infrastructure and being over populated.

[unknownjulie]

Yes, the inheritance, and I suppose that's how 10 people end up living in a house, but those kids of kids, will not be able to buy now. Sad.

[PaulW]

Good! More Baby Boomers heading for the Big Island once they see the prices in Oahu.

[pahoated]

I hope the social media continues to see Honolulu as being synonymous with the entire Hawaii islands generalized into a mainlanders' mixed up local "knowledge". There isn't any meaning to a median home price in Hawaii. There are homes on Hawaii island from $68 million to the smallest permitted $25K homes. What is the median of that? That $400K median is for Honolulu and with all the congestion, is comparable to a city like San Francisco, where $600K is the median. Considering the state of Hawaii gets almost 2/3 of its income from federal dollars, and it is mostly going to Oahu, these cutbacks coming may cause that Honolulu housing market to deflate suddenly.

"This island Hawaii on this island Earth"

[Bullwinkle]

"Actually the only folks (other than the rich) who CAN afford living on Oahu are those born-and-raised who inherited a house from parents...I know a few."

my "local" friends on Maui fall into this category as well.

Rise in interest rates will be good for savers - rise in property values mostly funny money - that is subject to taxation however.

there has been and always will be a lot of real estate churn in this state - mostly generated by off island buyers