http://www.hawaiinewsnow.com/story/33718236/at-least-6500-new-housing-units-needed-annually-to-end-shortage-by-2025

What more can we build on a rock?

Why build more? People are being priced out of paradise.


Sent from my SM-G935T using Tapatalk

Maybe we need population control, one kid per family. Or maybe we could build up. I guess we can't build down since we would end up in the water.

My undergraduate university did not require any specific humanities course for any major, such as Economics, etc. It only required certain totals of humanities courses.

we'll continue to see increasing median household prices which will continue to essentially squeeze out individual -- especially local residents -- from being able to afford a home."

the median price for a single-family home on Oahu was $750,000

Officials say transit-oriented development along the planned 20-mile rail route will be key.

Forget about what the cost of the rail is going to be --   

Gov. David Ige  (Official ? )  told summit attends that housing construction is a top priority for his administration -- and his own family. His three children all live and work on the mainland.

"Even if they were to find quality jobs here in Hawaii, would they be able to afford to live here?"


SIMPLE SOLUTION...
    No more transplants from the mainland, give jobs and housing our locals first, get rid of Officials [/b who say Forget about what the cost of the rail is going to be

    In High school, we did an experiment growing a mold n a petri dish Mon-Fri.

     Come the weekend , teacher said "let them party" so we gave them enough food and water for the weekend.
On Monday, all of our samples were dead. 
    They simply used all of the space in the dish via "progress and created enough waste to kill them all. 

Hawaii always reminds me of that experiment. 

I think we reached a point where the resources that we have can not meet our demands.
In this situation - the finite land can only support so much population. We are stretching our infrastructure really thin - in my opinion.
I've considered moving to the mainland as I don't enjoy sitting in traffic given our relatively short commute.
I can get a mansion for the price of a single fam home here but my personal situation has changed.

Economics, accounting, and finance should be required classes for anyone getting a college degree.  I took them even if I didn't need to because I felt it was needed to have a good college education.

Hawaii is becoming unaffordable because the powers that be (land owners, home owners, government, developers) want it that way. 

- If your 4 bedroom home is now worth 1 million, do you really want it to go down?
- If you are a land owner and your parcels of land is worth $6B, do you really want it to go down?
- If you are a developer of condos and can sell units for $500K each, do you really want the price to go down?
- If you are a doctor and getting paid $500/hr by medical insurance, do you really want that to go down?
- If you are a drug company charging $100/bottle of medicine, do you really want that to go down?
- If you are a medical insurance company and able to charge $1200/mo for family medical coverage, do you want that to go down?
- If you are a teacher earning $40K/year salary, do you want that to go down?
- If you are a government official and setting 0.35% property tax to earn revenues and meet your budget, do you really want property prices to go down?

The only ones that want things to come down are the have-nots.  Unfortunately, millennials and young working families, this means you.

Please understand that without the price competition offered by a free market economy, there is nothing that keeps prices / costs in check.  Some things are more price sensitive than others.   

Anything the government regulates / gets involved in will always become more expensive in the long run.   Take a look at our "affordable" health care for example.  In what instance did Obamacare ever make our healthcare more affordable?

Economics, accounting, and finance should be required classes for anyone getting a college degree.  I took them even if I didn't need to because I felt it was needed to have a good college education.

Hawaii is becoming unaffordable because the powers that be (land owners, home owners, government, developers) want it that way. 

- If your 4 bedroom home is now worth 1 million, do you really want it to go down?
- If you are a land owner and your parcels of land is worth $6B, do you really want it to go down?
- If you are a developer of condos and can sell units for $500K each, do you really want the price to go down?
- If you are a doctor and getting paid $500/hr by medical insurance, do you really want that to go down?
- If you are a drug company charging $100/bottle of medicine, do you really want that to go down?
- If you are a medical insurance company and able to charge $1200/mo for family medical coverage, do you want that to go down?
- If you are a teacher earning $40K/year salary, do you want that to go down?
- If you are a government official and setting 0.35% property tax to earn revenues and meet your budget, do you really want property prices to go down?

The only ones that want things to come down are the have-nots.  Unfortunately, millennials and young working families, this means you.

Please understand that without the price competition offered by a free market economy, there is nothing that keeps prices / costs in check.  Some things are more price sensitive than others.   

Anything the government regulates / gets involved in will always become more expensive in the long run.   Take a look at our "affordable" health care for example.  In what instance did Obamacare ever make our healthcare more affordable?

I was thinking about those topics as well.
I'm trying to remember what I learned as a BusAd major years ago.

Hawaii is becoming unaffordable because the powers that be (land owners, home owners, government, developers) want it that way. 

- If your 4 bedroom home is now worth 1 million, do you really want it to go down?
- If you are a land owner and your parcels of land is worth $6B, do you really want it to go down?
- If you are a developer of condos and can sell units for $500K each, do you really want the price to go down?
- If you are a doctor and getting paid $500/hr by medical insurance, do you really want that to go down?
- If you are a drug company charging $100/bottle of medicine, do you really want that to go down?
- If you are a medical insurance company and able to charge $1200/mo for family medical coverage, do you want that to go down?
- If you are a teacher earning $40K/year salary, do you want that to go down?
- If you are a government official and setting 0.35% property tax to earn revenues and meet your budget, do you really want property prices to go down?

The only ones that want things to come down are the have-nots.  Unfortunately, millennials and young working families, this means you.

Very accurate.  However, I will add some commentary to your analysis with respect to land valuation.

First of all, the runaway land prices are primarily a result of the finite amount of land available on Hawaii, the shipping costs of commercial goods, and the speculative nature of real estate developers.  While land is a finite resource, shipping costs and commodity speculation all can be regulated and controlled.

I know you mentioned that government intervention in the so-called free market comes with higher costs in the long-run, but I would argue that is not necessary true or preferable in all cases.

Obamacare is a dismal failure not because its enaction from the federal government, but rather because of the greedy insurance companies who essentially were allowed, by their bought-out politicians, to draft Obamacare to favor their profit margins, rather than economically provide affordable health care.

If I am not mistaken, President-Elect Trump plans on retracting NAFTA, which was an agreement to deregulate commerce in North America and Mexico; hence creating a free-market hemisphere.  How did that work well for Americans?  It worked well for Mexico, but not for American workers.  The American consumer did benefit with lower prices, but most American consumers could not afford them because their jobs left the continent, as Trump asserts.


Kuleana

I was thinking about those topics as well.
I'm trying to remember what I learned as a BusAd major years ago.

What I remember from econ class are price elasticity, supply and demand, barriers to entry, economies of scale, learning economies, and types of market competition (perfect competition, oligopoly, duopolies, monopolies).

What I remember from accounting is reading and writing financial reports, balance sheets and income statements, variable costs and allocating fixed costs, financial ratios.

What I remember from finance is cost of capital, investments, loans, notes and return on investment.

What I remember from econ class are price elasticity, supply and demand, barriers to entry, economies of scale, learning economies, and types of market competition (perfect competition, oligopoly, duopolies, monopolies).

What I remember from accounting is reading and writing financial reports, balance sheets and income statements, variable costs and allocating fixed costs, financial ratios.

What I remember from finance is cost of capital, investments, loans, notes and return on investment.

Feels as though Celine Dion is in my head Its all coming back to me now...Keynesian Economics....dont know why but that popped in my head like a neon sign advertising exotic dancers.

Feels as though Celine Dion is in my head Its all coming back to me now...Keynesian Economics....dont know why but that popped in my head like a neon sign advertising exotic dancers.

Hmm.. my econ classes didn't include exotic dancers.  I feel a bit gypped.   

I went to UH