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Topic

Regarding the unusually high housing prices in Hawaii. Average value over $1 million.

Free talk
#1
  • mik
  • mail
  • 2021/10/06 21:22

Realtors say that Hawaii's unusually high housing prices compared to other states are due to limited land, strict regulations, and the fact that real estate investors come from all over the world, but what do you think about the average price of a single house being over $ $1 million? Is the realtor's explanation correct ?
I don't think so.

Hawaii has the lowest property taxes in the country. New Jersey has the highest property taxes, followed by Illinois, home to Chicago, which has property taxes that are 7 ~ 8 times higher than Hawaii's.

In order to increase property tax revenues, Hawaii's politicians continue to favor investor-oriented policies that lead to higher real estate prices instead of policies that protect residents.
Isn't this strange ??

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#2
  • polygon
  • 2021/10/06 (Wed) 23:42
  • Report

Due to the pandemic, remote workers are moving to Hawaii in droves to take advantage of the climate and safety.

Offers are flooding in, and like an auction, the list prices are going up and up, which is inevitable and happens to the most popular locations and properties in every state

.

I heard that a family who is currently looking for a property had already had someone else escrow it within a week of wondering whether to make an offer. I heard that this is a good thing.

The state of Hawaii is super extreme and has built a lot of AffordableCondos so that people can own their own property even if their household income is around average.

I think these two middle and middle class groups are the hardest hit.

Why can't people who currently own or have bought and sold in the past offer pre-construction properties as Reserved or Affordable?

This is what I don't understand. The probability of bankruptcy is very low.

There is a $150,000 to $200,000

difference between Market Price and Affordable or Reserved for the same floor and square footage in the same condo. To the wealthy, $200,000 would seem like $20,000.

For the middle class, it is a very big difference.

How can I give my opinion to those who are making these laws and rules? If anyone knows

I would love to know. Please do so.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#4
  • mik
  • 2021/10/07 (Thu) 22:50
  • Report

Why can't a person who currently owns or has bought or sold a property in the past offer a pre-construction property as Reserved or Affordable?

I don't quite understand your question.
Why can't I offer a property as Affordable when I already own it? ?

The intent of Affordable is for people in the state who don't have the opportunity to own a home in Hawaii due to the rising cost of real estate. ?
It is only natural that such people should be given top priority.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#5
  • polygon
  • 2021/10/08 (Fri) 18:51
  • Report

The time for the obvious has passed. That many people have already purchased Affordable.

Those who rent and don't make an offer don't have a down payment, don't work long enough to get approved by the bank. Etc.

Or they like to move. Some people prefer to rent.

On the other hand, the middle class is very disappointed that they can only

buy pre-construction properties at the same market price as the wealthy, even though they earned hard and own their own property.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#7
  • mik
  • 2021/10/08 (Fri) 22:10
  • Report

[On the other hand, it is a shame that the middle class can only buy

pre-construction properties at the same market price as the wealthy, even though they have worked hard to earn and own their own properties.




I wonder why they are thinking of owning more properties when they already own their own properties?

If a person who already owns a property can purchase a second property at an Affordable price, a certain number of buyers will surely take action for resale to make a profit ( lol )

It is obvious that this will lead to a further increase in property prices. It's because it's obvious that it will lead to a further rise in property prices.

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#8
  • polygon
  • 2021/10/09 (Sat) 11:36
  • Report

#7 mik

Of course, it's a replacement.

If you don't sell, you can't buy, it's the middle class.

And the HOA FEE is half price.

Of course, we know there should be no rental income.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#9
  • mik
  • 2021/10/09 (Sat) 21:07
  • Report

polygon, if you already own your own property, the value of your home has gone up considerably due to the rising real estate prices ?


Enough, even the middle class is benefiting from the economy ( lol )

. More than half of Hawaii's population is poor and can't benefit from the economy because they can't afford real estate.
There are definitely more people less fortunate than you, so you should think about that when you speak.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#10
  • polygon
  • 2021/10/10 (Sun) 12:07
  • Report

#9 mik

I bought my current place just a few years ago, so it hasn't gone down, but

some are selling for the same price as they were then.

Instead of worrying about us middle class, mik, you are probably looking for a titled property.

You are more likely to buy a house around Million.

Poverty is self-inflicted. It's because you choose that kind of profession. Some people in their 40s locally are already PayOff.

It's probably a matter of foresight. I think the homeless are those who only thought about today without thinking about the future.

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#11
  • mik
  • 2021/10/10 (Sun) 15:13
  • Report

[Instead of worrying about us middle class, mik, you are more likely to be looking for a titled property.

I'd much rather you buy a house around MILLION dollars]


No, I am not wealthy or middle class. I am still young.
Affordable is for these relatively young state residents who are looking to buy property in Hawaii for the first time.
It is important to understand that Affordable is not a right that can be used by the middle class ) (those who already own real estate) because they do not have enough money to purchase a property.

Also, according to the current Hawaii real estate transaction data, there are an overwhelming number of cases where the buyer must offer a higher price than the seller offered in order to win the bid. ( More than 70% of all ) This is nothing but evidence that property owners are benefiting financially. Those who can't afford to buy a house and are living in a rental property just keep paying rent day after day and will never own the property forever.


[Poverty is self-inflicted.
One point that caught my attention was this statement, but it's a big mistake.
Anyone can be HOMELESS in this society. ( It is a little bit dark )
For example, no one could have predicted in advance that this pandemic would prevent Japanese tourists from coming to Hawaii. ?
Many people who were engaged in the tourism business with Japanese people are suffering now.
Also, there are people who used to run tour companies for Japanese tourists who are now bankrupt and homeless because of this. ( I know someone )
I wonder if he deserved it ?

You should start by developing a heart of compassion. I think Jesus would be surprised to see your writing.

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#12
  • polygon
  • 2021/10/10 (Sun) 15:40
  • Report

mik

I am ZOOMMEETING in many places, so why don't you join us ?

I learned the same thing at that ZOOMMEETING as well as with friends and acquaintances.

Everyone is a bit in the dark.

That's why it's important to have a savings account, and you should know that you can't live with just one source of income.

Being a cashier is not the only part-time job.

There are many side jobs nowadays. Let's do our best.

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#13
  • コロナが悪い?
  • mail
  • 2021/10/10 (Sun) 17:39
  • Report

I think it is very good to enjoy the present.

But it is important to live not only for the present but also for the future.

Like the ant and the grasshopper, if you are prepared, you may be able to get through the hard winter happily, but if you are not prepared, you may experience difficulties that you never thought you would.

Also, working hard ( and being diligent ) is surely a cool thing to do. ( However, I do not agree with working too hard to the point of damaging your body )

And to laugh at someone who is working hard is definitely not cool.

It would be nice to be able to think, "I'll do my best, too," without laughing at those who are working hard.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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