Housing will always be expensive in Hawaii... (Read 2357 times)

ren

Housing will always be expensive in Hawaii...
« on: August 30, 2024, 09:59:46 AM »
https://www.kitv.com/news/development-on-oahus-north-shore-faces-mixed-reaction-from-community/article_68db8540-66a3-11ef-bb41-8fe38a5e2361.html

Planned construction of new residential units on O'ahu's north shore is drawing mixed reaction from residents and business owners.

Utah-based developing firm Arete Collective, purchased 65-acres of land next to Turtle Bay Resort in Kahuku in April.

Construction is underway for the first phase of the project to build four low-rise buildings, with 20 residences.

But many want the undeveloped coastline in the area to stay that way.

"When is enough enough?" said Kahuku resident Jessica Dos Santos. "There are many community concerns that are not being addressed and it feels rushed without enough community input."

She's one of dozens of community members who came together Thursday evening at Kahuku High School, to meet with developers to voice questions and concerns.

"We love this place," explained Dos Santos. "When you love a place you fight to protect it. Just because there are approvals doesn't mean that its right."
Deeds Not Words

Brystont1

Re: Housing will always be expensive in Hawaii...
« Reply #1 on: August 30, 2024, 10:14:36 AM »
The problem will go away once you take care of the “demand” issue. More supply will do nothing for housing costs.

QUIETShooter

Re: Housing will always be expensive in Hawaii...
« Reply #2 on: August 30, 2024, 10:21:48 AM »
Okrah's friends going buy all those units on the North Shore. :thumbsup:
Sometimes you gotta know when to save your bullets.

hvybarrels

Re: Housing will always be expensive in Hawaii...
« Reply #3 on: August 30, 2024, 10:35:02 AM »
The real estate market is being propped up by the fed and other political manipulations. It's one more piece in a shaky jenga tower that if pulled out will take the whole system down.
“A Communist system can be recognized by the fact that it spares the criminals and criminalizes the political opponent.”   -Alexander Solzhenitsyn

groveler

Re: Housing will always be expensive in Hawaii...
« Reply #4 on: August 30, 2024, 10:55:36 AM »
I live on the BI, but have been to turtle bay.
it is a beautiful place!
Traffic SUX! and over built in some areas.
Hawaii housing costs has one problem, a single party run state.

from the lowest level workers to the highest levels of government,
there is no diversity of thought.
No new ideas gets you stagnation,  which is what Hawaii is.
Many continental US states are the same way.  All controlled by Democrats.
Guess which of those states is losing population?  All of them.
Hawaii is losing its youth, what you will have left is what?
Old rich people and only the servants that service their needs.
 :wave:



changemyoil66

Re: Housing will always be expensive in Hawaii...
« Reply #5 on: August 30, 2024, 03:34:45 PM »
It's cause our policy makers are retards.  The "affordable" condo's are a joke, which is why the most recent ones have lots of vacancies. 

When we did ours some years ago, a single person can make no more than $80K. But a couple was $120K total.  Shouldn't it be $80K X 2 make more sense?  Then add in maintance fee, 1 car payment, insurance, bills, etc...you're mortgage broke.  Even a single person would be struggling if they had any other type of bills.  They would have to live a very frugal lifestyle.

What the state should do is fund the building of a condo and keep the price down.  If we can fund the failed rail, we can fund multiple condos like this.

groveler

Re: Housing will always be expensive in Hawaii...
« Reply #6 on: August 30, 2024, 05:44:36 PM »
It's cause our policy makers are retards.  The "affordable" condo's are a joke, which is why the most recent ones have lots of vacancies. 

When we did ours some years ago, a single person can make no more than $80K. But a couple was $120K total.  Shouldn't it be $80K X 2 make more sense?  Then add in maintance fee, 1 car payment, insurance, bills, etc...you're mortgage broke.  Even a single person would be struggling if they had any other type of bills.  They would have to live a very frugal lifestyle.

What the state should do is fund the building of a condo and keep the price down.  If we can fund the failed rail, we can fund multiple condos like this.
CMO,
Who in their right mind wants to live in a Condo?
 >:D

zippz

Re: Housing will always be expensive in Hawaii...
« Reply #7 on: August 30, 2024, 08:52:59 PM »
Best thing to do on Oahu is to build affordable condos and apartments to keep it cheap and not use up as much land.

Or transfer the population to the Big Island.  Groveler could use more neighbors to talk to.

hvybarrels

Re: Housing will always be expensive in Hawaii...
« Reply #8 on: August 31, 2024, 01:33:23 AM »
Hawaii government makes about 20% of its revenue off property taxes. There’s zero incentive to make things more affordable.

Every trick in the book is used to keep prices high. Meanwhile California has reached a new level of desperation trying to stop a market crash…


https://www.nationalreview.com/news/california-dems-pass-bill-to-give-illegal-immigrants-150000-home-loans-but-the-program-is-broke/
“A Communist system can be recognized by the fact that it spares the criminals and criminalizes the political opponent.”   -Alexander Solzhenitsyn