Rent v. own (Honolulu: home, buyers, landlord) - Oahu - Hawaii (HI) -Includes Honolulu - Page 6 - City-Data Forum

eastside14 · 10-05-2016, 01:04 PM

Quote:

Originally Posted by Glorya

Thanks. Kaneohe seems like another potential spot for us and closer to the city.

Kaneohe would be a good choice. You have the options of H3, Likelike and Pali to commute to town. There is always strong demand for housing in Kaneohe from The marine base and even Pearl. You can find neighborhoods that still have a country feel. Shopping and amenities are plentiful and very convenient.
The Honolulu Board of Realtors puts out monthly statistics by local region so you can research market data specific to where you want to live.

whtviper1 · 10-05-2016, 01:06 PM

Kaneohe = strip malls and monster trucks parked on lawns all over the place.

honobob · 10-05-2016, 01:08 PM

Quote:

Originally Posted by whtviper1

Kaneohe = strip malls and monster trucks parked on lawns all over the place.

And cooler weather! Truly an island paradise.

pj737 · 10-05-2016, 01:34 PM

Quote:

Originally Posted by whtviper1

4631 Kahala sold for $5.2M in late 2013 and sold for $12.2M in early 2015

There are two properties located at 4631 Kahala Ave. You are confusing two separate parcels.

And even if your data was correct, it's still not tripling.

whtviper1 · 10-05-2016, 01:37 PM

I never said prices have tripled.

Mikala43 · 10-05-2016, 02:18 PM

Quote:

Originally Posted by eastside14

Kaneohe would be a good choice. You have the options of H3, Likelike and Pali to commute to town. There is always strong demand for housing in Kaneohe from The marine base and even Pearl. You can find neighborhoods that still have a country feel. Shopping and amenities are plentiful and very convenient.
The Honolulu Board of Realtors puts out monthly statistics by local region so you can research market data specific to where you want to live.

Are their properties their that you can use a USDA loan on? I wasn't familiar so I looked up some parameters but still confused on what type of properties you can use it on. I worked as a loan officer for a couple years and never did one.

pj737 · 10-05-2016, 02:29 PM

Quote:

Originally Posted by whtviper1

I never said prices have tripled.

So apparently there was no point to your post.

whtviper1 · 10-05-2016, 02:59 PM

Quote:

Originally Posted by pj737

So apparently there was no point to your post.

Uh. No. The point is there is a lot of property on a Oahu that is anything but flat.

flipsidem · 10-07-2016, 04:56 PM

From my perspective, which is that of someone who has recently moved to Hawaii, it is a bad idea to buy a house here, on Oahu, unless you are 100% sure that you are going to be here for a long time. Once you do the math for yourself, you will realize that this is the case. Renting is cheaper, risk free and can include some really nice amenities. If you are not familiar with Hawaii, you would have to be crazy to just jump in and buy. Stupid crazy. Hawaii is not comparable to the mainland.

pj737 · 10-07-2016, 06:59 PM

Exactly. As others have noted, there are significant buying and selling transaction costs. If you buy and sell inside of a year or two and the market stayed "flat" over the period, you will take at a loss of at least 10-12%.