Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Lets see your data now. I took a photo from my TV just to get the numbers right
[IMG][/IMG]
I did not suggest I have data to share, but thanks for sharing the pics. Now, who might be HNN's source? What I can safely say is there are buyers who form corps and other business entitles that are domiciled in Hawaii that are tied real estate deals. In fact, it's not all that uncommon.
The State of Hawaii Department of Business, Economic Development, and Tourism.
Quote:
Originally Posted by KohalaTransplant
Interesting.
Any idea where the persistent belief comes from that foreigners and mainlanders are driving up housing costs?
They just can't believe when you put a million people on a 18x40 mile island with record low interest rates that you'd have high real estate prices. The blame the mainlander game isn't just real estate - lots of traffic, blame the mainlander, litter on the beach - blame the mainlander......
Quote:
Originally Posted by kaimuki
What I can safely say is there are buyers who form corps and other business entitles that are domiciled in Hawaii that are tied real estate deals.
They aren't buying the real estate the local population typically buys - they are buying the luxury multi-million Kakaako condos. They aren't grabbing single family homes in Pearl City.
Last edited by whtviper1; 03-01-2021 at 07:43 PM..
Hmm, how long do they hold onto the houses? If 5% per year of the housing market is sold to folks who don't live here, how long until the aggregate number gets significant? Do all these houses stay empty or do they get rented out when the owners aren't visiting? Although, all that would most likely do is be rented to tourists so the not on island owners can still visit for a portion of the year. Which, if they had it rented to local families, they'd not be able to do.
Hmm, how long do they hold onto the houses? If 5% per year of the housing market is sold to folks who don't live here, how long until the aggregate number gets significant?
Purely from a mathematical and statistical perspective. Never. Based on current data.
Put in simplistic terms. If the dreaded mainland buys 5% of available inventory every year it becomes a static number. Just 5%.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
