Trust Fund Kids....sheesh (low income, real estate, rental)

[NOTAM]

What is UP with so many trust fund kids on the islands (at least Kaua'i)?

I cannot believe how many grown folks-young adults, live out on Kaua'i, living in the lap of luxury, not working, just taking it easy as if they were in early early retirement, and when I ask my sister, how is she/he doing it, she replies "Oh he/she is one of them trust fund kids too". Most of them are from California.

My sister is on welfare-HUD housing, food stamps, SSDI etc. I dont know how year after year she can live amongst these people, and then the tourists who come here flaunting their money having fun, and then the mainlanders coming in with tons of money to buy up more homes etc. She is surrounded by filthy rich people.

I am so glad that I live in a trailer park full of low income folks. As a Registered Nurse of 17 years, making a decent income, being able to afford a nice pickup truck that drives, I am "rich" in comparism. I couldnt imagine being in her shoes. It would either drive me nuts or sadden me.

[Sweetbeet]

These are the people who provide the MONEY that, ultimately, feeds and clothes all of the rest of us on Kaua'i. While I'm envious, sure (and probably will be considered one of the "rich folks" in a couple of years, at least I hope so, though I will at least have to work for it), the fact is that we need people with lots of money to come here and buy what we are selling - whether that's groceries, houses, activities, natural healing, IT services, whatever. If the money that is here just keeps circulating around, and the population keeps growing (even if no one comes, if we keep having babies and living longer it will grow), we will all get poorer. Even if the population stays the same, we have to buy a lot of stuff from the mainland, so LOTS of our money is going OFF the island every day. It has to be replaced from people bringing money from there to spend here, whether they are tourists, rich retirees, or trust-fund kids. (It would be ideal if we could sell something that could be delivered over the internet, then people might send us money and not come here. Or a catalog business. But realistically, that's not going to be happening too much.)

Let 'em come. The island will spit out those she doesn't like, one way or another.

[NOTAM]

Uh..they are also bringing real estate values up, rental prices up, because it's supply and demand. If there are folks who can afford to dole out $3000/month rent for a condo, why should the owner rent it to a poor ole local for $700?
It DOES hurt the locals. My sister has lived there 22 years and is not a trust fund kid. She has struggled the whole 22 years, and it just gets worse as more real estate is bought up by these rich folks.

Originally Posted by Sweetbeet

These are the people who provide the MONEY that, ultimately, feeds and clothes all of the rest of us on Kaua'i. While I'm envious, sure (and probably will be considered one of the "rich folks" in a couple of years, at least I hope so, though I will at least have to work for it), the fact is that we need people with lots of money to come here and buy what we are selling - whether that's groceries, houses, activities, natural healing, IT services, whatever. If the money that is here just keeps circulating around, and the population keeps growing (even if no one comes, if we keep having babies and living longer it will grow), we will all get poorer. Even if the population stays the same, we have to buy a lot of stuff from the mainland, so LOTS of our money is going OFF the island every day. It has to be replaced from people bringing money from there to spend here, whether they are tourists, rich retirees, or trust-fund kids. (It would be ideal if we could sell something that could be delivered over the internet, then people might send us money and not come here. Or a catalog business. But realistically, that's not going to be happening too much.)

Let 'em come. The island will spit out those she doesn't like, one way or another.

[whynot?]

I think housing rental costs have a great deal more to do with mortgage costs than the number of prospective renters. Property owners are not likely to rent units at less than their out-of-pocket costs, regardless of the number of tenant prospects. The "trust fund kids" are a huge myth here on Maui -- and I can only guess -- on Kauai as well. There are a few, but not nearly as many as are blamed for their impact on a now-fragile housing market.

[Mar0]

Tell your sister to move to the west side. The locals run the trust fund kids right outta town!!

[NOTAM]

that's what i am talkin' bout. i told her if i ever moved to Kaua'i and stayed, as beautiful as North Shore is, i would live on the west side, no doubt.

Originally Posted by Mar0

Tell your sister to move to the west side. The locals run the trust fund kids right outta town!!

[hilobound]

If you cant afford to live there then you should move to south dakota or something. Please stop complaining about what other people have or dont have you have to work for success or be given it by your parents. Neither are illegal or wrong if you want to change your family tree then get up and do something about it but please stop complaining about it.

[texdav]

When I was in Colorado in many of the more trendy areas their were alot of thsese waht they called trustee there. I thoungt they were talking about convicts at first. I just hope their trust funds last their whoole life as otehr waise thereis trouble ahead.

[Ellwood]

Let's hope their trust funds don't go down the tubes with the global financial crisis. What happens when the workerbees move to the mainland for a better quality of life and there is no one to garden, clean, cook and cater to the trust fund set?

[NOTAM]

Uh, my location states I am in Texas, not Hawaii. And none of my posts state that I live in Hawaii now. I can't afford to live there, hence, I don't live there!! So I have no idea what you are talking about!!!

Originally Posted by hilobound

If you cant afford to live there then you should move to south dakota or something. Please stop complaining about what other people have or dont have you have to work for success or be given it by your parents. Neither are illegal or wrong if you want to change your family tree then get up and do something about it but please stop complaining about it.