Post #254620 by tikiyaki on Fri, Sep 15, 2006 8:52 AM

On 2006-09-15 00:25, christiki295 wrote:

[i]On 2006-09-14 08:52, tikiyaki wrote:

Funny, When I moved to LA in 95', it was SO affordable...now it's almost as bad as NY.
.. .

So I think of it on the investment side too...you know...buy a piece of land there for under 100K and in 10 years it's with 5 or 6 times that. It happened in California, it probably will happen there too.

A good point to remember, Tikiyaki. It is an island, so land is limited, and the value will increase.

On the flip side, the high cost to enter the market adds to the cost of living and a considerable portion of the available housing, particularly around Honolulu is very old and one wonders if it is a good long term investmentl, particularly given the weahter.

Well, buying land in Honolulu is pretty much impossible at this point. I'm talking about Puna, which has active lava flow nearby, but is still affordable and growing. Most of it is lava zone 2 which is only less dangerous than Lava zone 1.
But alot of people are setting up camp there, and a strong community is growing. As an investment, it may not be bad.
As far as the weather goes...well, it IS a Rainforest :) but some people like that. I'm more into the dry SoCal weather, so that's what gives me the reservations about wanting to live there.

Still, strictly as an investment, who knows...AND having a nice little vacation spot there might be cool, rent it out when I'm not there.
Either way, something keeps pulling me to the islands :-/

[ Edited by: tikiyaki 2006-09-15 08:53 ]