well it's in this morning's Honolulu Advertiser: http://the.honoluluadvertiser.com/ar.../ln/ln03p.html
The land grab is on and the prices are going wayyyy up now. When I bought my place just under two-years ago I knew this area was the "Diamond in the Rough" telling my wife while standing on cinder-covered roads that this place is gonna be the next Kahala.
We bought near the ocean so our lot (one acre) is valued a bit higher than closer to Highway 130 (Pahoa Highway). In that time our property has soared from $245,000 to just under half a million and there doesn't seem to be an end to it.
My wife and I are contemplating our next move now. One of the ironies of this situation we've found ourselves in is that our area is fast becoming populated with new neighbors and such. Once a rural area we've got neighbors up and down our street so it's not quite the peace and quiet as we once enjoyed a year ago. I have realtors sending me invitations to sell almost weekly. This is an interesting situation we're in now. It's definately a seller's market here in Puna and yet you can still find decent property for under $250,000 here. I'm thinking: take out an equity loan and buying another property. Rent it out to pay for the loan and let that property ride the surge until I'm ready to sell it again.
Or just cash out and sell our home now.
Any thoughts on this?
The land grab is on and the prices are going wayyyy up now. When I bought my place just under two-years ago I knew this area was the "Diamond in the Rough" telling my wife while standing on cinder-covered roads that this place is gonna be the next Kahala.
We bought near the ocean so our lot (one acre) is valued a bit higher than closer to Highway 130 (Pahoa Highway). In that time our property has soared from $245,000 to just under half a million and there doesn't seem to be an end to it.
My wife and I are contemplating our next move now. One of the ironies of this situation we've found ourselves in is that our area is fast becoming populated with new neighbors and such. Once a rural area we've got neighbors up and down our street so it's not quite the peace and quiet as we once enjoyed a year ago. I have realtors sending me invitations to sell almost weekly. This is an interesting situation we're in now. It's definately a seller's market here in Puna and yet you can still find decent property for under $250,000 here. I'm thinking: take out an equity loan and buying another property. Rent it out to pay for the loan and let that property ride the surge until I'm ready to sell it again.
Or just cash out and sell our home now.
Any thoughts on this?
Comment