https://www.khon2.com/local-news/lawmakers-propose-more-affordable-rentals-for-middle-income-families/

The governor pointed out that the good thing with affordable rentals is they remain occupied by residents, whereas affordable homes that are sold do not always stay that way.
“The challenge with for sale is that you know they’re affordable on the first sale. Then the price starts to increase to what the market will bear,” said Gov. David Ige.

so why do our leaders continue to push for more "affordable housing" when they know market forces will make them null?

https://www.khon2.com/local-news/lawmakers-propose-more-affordable-rentals-for-middle-income-families/

The governor pointed out that the good thing with affordable rentals is they remain occupied by residents, whereas affordable homes that are sold do not always stay that way.
“The challenge with for sale is that you know they’re affordable on the first sale. Then the price starts to increase to what the market will bear,” said Gov. David Ige.

so why do our leaders continue to push for more "affordable housing" when they know market forces will make them null?

People are dumb enough to believe them and vote for them.

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The gov. and lawmakers are full of shiite.

They know exactly what is going on.  They don't care.  Property taxes is all they care about.  They have known all along that the only ones buying up the houses by DR Horton, Castle and Cook, etc. are people from Asia and Mainland.

The local population has been living with Mommy and Daddy since forever.  Just look at any subdivision.  Look at all the fuckin cars parked on the roads and driveways.  Those are their children that had to move back home because there are no rentals or homes that are "affordable".  Even the "affordable" ones are priced out of their bracket.

Planning on building 750 units?  Whoop dee doo and la dee da.  Talk about a drop in the bucket out of an ocean of woes, LOL!!!!

Then after the 750 units, then what?  They (the ever so caring lawmakers) go back to business as usual until the next time people grumble.

I'm glad the youngsters are leaving for greener pastures.  I wish them nothing but the best. 

I've been looking at houses.
A lot are already in the $1M range,  and the well used ones are not that much cheaper,  & the complete renovation ones are alittle cheaper but to big a project for me.

Now I get why Inspector planned to retire on the big island.

When you print a whole bunch of money it has to go somewhere, and a lot of it ended up in places like our local real estate market. Thousands of houses and apartments sit empty around Oahu while families are thrown out on the street because the tax structure is set up to reward the wealthy for their extortion of the poor and middle class.

It’s very easy to fix with a brutal non-resident/multiple homeowner tax.

There would be some screams from bankers and associated parasites, but the cost of living would come down significantly across the board for the vast majority of residents.

Less desperation, less crime, more opportunity for small business…

Or we could wait for the market to crash on it’s own, but it sure is a lot easier to recover economically when you’re not in the middle of a financial crisis

I've been looking at houses.
A lot are already in the $1M range,  and the well used ones are not that much cheaper,  & the complete renovation ones are alittle cheaper but to big a project for me.

Now I get why Inspector planned to retire on the big island.

When I sold my house in Pohakupu in 2015, you could still buy a house there for as low as $800k.  Looking at Locations market value of homes there today, none are valued below $1.15m.  Land value alone for a house lot in Pohakupu is over $1m.

Inspector did better by moving to a free state, AZ.  Big Island is getting too crowded.   I noticed traffic has increased considerably since I moved here 7 years ago.

Check out the 1 of the latest "affordable housing" mess up with Ke Kilohana, which is 90% affordable housing.

Maintenance fee's were vastly under estimated so they can charge more per unit. 50% increase in maintenance fees within 6 months of people moving in.  Granted the fee was estimated 5 years prior, but to be that off is suspect. It took them 5 years to complete the build.

Fire system installed incorrectly, estimate cost to fix $7.5 million and rising.

Certain areas not built to fire code.

Parking stalls not spaced out to code, many are not able to have their passenger get in and must pull out of the stall first.

Cheap appliances used, a good enough crapped out within 1 year of being used.

All of the above are being worked on via lawsuit. But Howard Hughes the developer has not done anything to remedy. Then add in the delay in courts due to COVID.

What is more messed up is 5 years ago, to qualify for a  unit, 1 could not make more than $80K a year or $124K for a couple.  Shouldn't it be $80K X 2, so $160K would sound better?  Then add in the 10% down payment (about $40K) and cost of monthly mortgage and rent, no way someone who's making $50K a year would be able to afford this alone. 

I've heard good things about Stanford Carr's affordable units.  Just that HH condo's aren't the greatest, even the ones that cost $1 million+ per unit.

When I sold my house in Pohakupu in 2015, you could still buy a house there for as low as $800k.  Looking at Locations market value of homes there today, none are valued below $1.15m.  Land value alone for a house lot in Pohakupu is over $1m.

Inspector did better by moving to a free state, AZ.  Big Island is getting too crowded.   I noticed traffic has increased considerably since I moved here 7 years ago.

We plan on not retiring in HI. Def moving once we get to that age. Lower cost of living, more health care options, plus FREEDOM (2a).

I wonder how much the monthly mortgage payments are now. 

Actually, I don't want to know.  Crazy.

I wonder how much the monthly mortgage payments are now. 

Actually, I don't want to know.  Crazy.

The people who bought my house had a VA loan with a monthly payment of $6005. This is in 2015.  They had money.  Wife is a RN and he is retired military and had a plumbing business.  My mortgage for that house was just under $5k a month.

I've been looking at houses.
A lot are already in the $1M range,  and the well used ones are not that much cheaper,  & the complete renovation ones are alittle cheaper but to big a project for me.

Now I get why Inspector planned to retire on the big island.

I was looking forward to his arrival and was disappointed that he went to the mainland.
I certainly understand his calculus for the move.
However, in terms of Hawaii real estate it isn't that much cheaper here than elsewhere
in Hawaii.
Hawaii county is the poorest in Hawaii.
But the house prices are well out of reach for most locals.
I know many, many families that are very multi-generational
in the same houses.
That isn't necessarily a bad thing, given the culture of Hawaii.
Having your own home and independence is a white man thing,
so I can't say that Hawaii wants to fix it's home price problem.
I don't think they do, because they sabotage every possibility
of allowing people to be free and independent.
That is all.
 

I was looking forward to his arrival and was disappointed that he went to the mainland.
I certainly understand his calculus for the move.
However, in terms of Hawaii real estate it isn't that much cheaper here than elsewhere
in Hawaii.
Hawaii county is the poorest in Hawaii.
But the house prices are well out of reach for most locals.
I know many, many families that are very multi-generational
in the same houses.
That isn't necessarily a bad thing, given the culture of Hawaii.
Having your own home and independence is a white man thing,
so I can't say that Hawaii wants to fix it's home price problem.
I don't think they do, because they sabotage every possibility
of allowing people to be free and independent.
That is all.
 

And with COVID, we have seen 1 negative aspect for having multi generational households.  Another negative aspect is when you date a girl who lives in 1, no privacy.  Someone is always awake. Talking about when we're in our late teens and early 20's when everyone lives at home still.

I noticed traffic has increased considerably since I moved here 7 years ago.

Told my wife a few days ago the traffic on the west side is starting to get like Honolulu at times..She keeps saying it is the snowbirds, but they never seem to leave.

Told my wife a few days ago the traffic on the west side is starting to get like Honolulu at times..She keeps saying it is the snowbirds, but they never seem to leave.

Another shitty part about HI, people drive well below the speed limit. Like 35 in a 50 with no cars in front.

Another shitty part about HI, people drive well below the speed limit. Like 35 in a 50 with no cars in front.

My apologies for going off subject,
I made a trip the mainland last year,
From city limits of Sacramento to end in Stockton I did not get much below
80 MPH. Stupid signs said 55 MPH. CONSTRUCTION ZONE!

I learned how to drive in Los Angeles and drove for over 20 years in Seattle.
Hawaiians can not drive worth a SHIT!
That is my opinion.
I've only had two traffic tickets in 50 years of driving.
No accidents, charged to me.
I'll get
 

Another shitty part about HI, people drive well below the speed limit. Like 35 in a 50 with no cars in front.

Yeah, just watching the sluggish reponse to a light turning green, along with dazed tourists in huge rental SUVs cloging the place up.  Driving in Arizona is just so refreshing.

 

AZ has quite a few 75mph strictly enforced speed limit signs. I can live with that, but 55 and 60 on the Saddle Road? Ridiculous. In the NE US, if the light changes to green and you don't get moving in 0.5 sec or less, people start leaning on their horn. Don't ever get a speeding ticket in NV.  Average fine for speeding in NV is $1000 and up.

I've been looking at houses.
A lot are already in the $1M range,  and the well used ones are not that much cheaper,  & the complete renovation ones are alittle cheaper but to big a project for me.

Now I get why Inspector planned to retire on the big island.

We had a paid off house over there in a very quiet subdivision far away from my neighbors. Once you live there for a while you kinda figure out how to live there fairly inexpensively. Being self sufficient is key. We were on catchment and cesspool. We had plans to add solar with batteries and a diesel generator to back that up. We had 3 acres and were going to grow some of our own food. Eventually I was going to have a rental unit built and I have family that was ready to move in to provide additional income. Home values have skyrocketed over there as well. But if you can find a job over there or do your work from home the homes are still fairly reasonable in the country (not in or near Kona/Hilo). We lived on the Big Island for a couple of years before moving to Oahu. We really miss it.

But we had to do what was best for my wife which is why we never retired there. The healthcare sucks over there if you get anything out of the ordinary or if what is wrong with you is complicated or requires any sort of expertise beyond the basics. There are a lot incompetent doctors, nurses, etc. My wife was cared for by a lot of them. She had terrible care at Queens and and Rehab of the Pacific. We had a terrific personal care physician, though. But before finding him we went through quite a few bad ones.

After seeing what Queens and Rehab of the Pacific did to my wife I couldn’t get her off Oahu fast enough.

AZ has quite a few 75mph strictly enforced speed limit signs. I can live with that, but 55 and 60 on the Saddle Road? Ridiculous. In the NE US, if the light changes to green and you don't get moving in 0.5 sec or less, people start leaning on their horn. Don't ever get a speeding ticket in NV.  Average fine for speeding in NV is $1000 and up.

It took me a couple of weeks to get used to driving 70-80mph when we moved here. I was so used the H1 driving 35-45 I plain just got used to it.   AZ will give you a ticket for 7mph over the limit so I drive 5mph over the limit and have blasted right through the radar gun without being pulled over so far.

Yeah, just watching the sluggish reponse to a light turning green, along with dazed tourists in huge rental SUVs cloging the place up.  Driving in Arizona is just so refreshing.

 

Traffic has gotten a little worse since we got here almost 2 years ago. But we tend to stay in Prescott Valley and away from Prescott unless we are planning to go somewhere there. And a lot of new places that have been strictly in Prescott are now opening up in Prescott Valley. So it helps if we don’t have to drive into Prescott during high traffic times. I do most of our shopping as early in the morning as feasible. It seems traffic starts getting bad between 10-11am. So if I can get in and out of Prescott by 11 I avoid most of the traffic. But I am not talking Honolulu or H1 traffic. Traffic out here is not that bad at this time. But it can be close in downtown Prescott during tourist season.