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It's also way you see a lot of families, 1st and second generation living at the same house. They cannot afford to move out on there own. Too expensive at the present time. All you can do is to split the rent and Utilities and have roommates to help out.
Course you have to find good roommates who are responsible.
Real Estate Prices
Insurance
HOAs
Supply vs. Demand
Lack of available land development
Zoning
GET Taxes
Property Taxes
Costs of Home improvement goods
etc.
This is true everywhere not Hawaii.
Hawaii's problem is: the lack of developmental areas
The cost to build and transport
Everyone dreams of living here.
Rents would go down in a heart beat if the county council started approving housing developments across the islands but no one would want to do that. (many renters complain about the rents but refuse any development; you cannot complain about both IMO). So Island rents will continue to increase and people will continue to pay them.
Actually, for Oahu, I think they just have too many people on the island. Not sure if there's any way they can fix that, though. Guess they will just keep cramming more folks onto the island. I'm not sure how that is going to work, though. Most other extreme density locations are much closer to their sources of supply.
Actually, for Oahu, I think they just have too many people on the island. Not sure if there's any way they can fix that, though. Guess they will just keep cramming more folks onto the island. I'm not sure how that is going to work, though. Most other extreme density locations are much closer to their sources of supply.
I agree. I think for all practical purposes, Oahu has enough residents. More housing sprawl is not the solution and the only real viable solution long term is going to be increased density through more high-rises and creation of walkable neighborhoods around those developments. Sort of Like Kaakako. Sprawl won't help.
Actually, for Oahu, I think they just have too many people on the island. Not sure if there's any way they can fix that, though. Guess they will just keep cramming more folks onto the island. I'm not sure how that is going to work, though.
More people move away from Hawaii than move to Hawaii for the past 25 years.
People are living longer and breed like rabbits on the islands. The birth rate is way to high - not only does it make it more crowded it causes more complaints about high prices.
I believe we are overlooking something or choosing to ignore it? Thou it would be great that the high cost of housing could be blamed just on the birthrate and longer life. I tend to believe that the high cost was carefully planned along time ago. First stats show that more people are leaving hawaii ok great, the problem is it doesn't show who is leaving. I suspect the rich are staying and the poor or middle class is going. Further i suspect that gentrafication of oahu has more effect on housing cost then supply and demand. Oahu has always had a demand for housing since the late 60s. We laughed and joked that the new state bird in the 70s was the construction crane to build more housing to keep up with demand. But the fact remained never in history has rents been more expensive in Oahu then today and that not because we have more babys and elderly.
And, where in the US is rent less today than 40 years ago?
There's reasonable rises in cost to anything. Then there's greed that causes unbalance in society. And we are seeing the results of that in our current society today.
But the biggest gross increase in rents are areas recently gentrafied. Its monkey see monkey do.
Last edited by hawaiian by heart; 03-11-2015 at 01:52 PM..
And, where in the US is rent less today than 40 years ago?
One would suppose Detroit, don'tcha think? They're auctioning off houses for $500 apiece. Folks could BUY four to six houses EACH month for what they pay for rent in many places on Oahu. However, the houses in Detroit would need a bit of work, and, well, then you'd also be in Detroit.
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