I've lived Hawaii since the mid '80s when I moved here at the age of 21. I arrived sight-unseen in Honolulu with zero contacts and about 6 months worth of savings. I worked from nearly zero and today Hawaii has given me the greatest gifts in the world in all aspects: spiritually, financially, romantically (married since early '90s w/ 2 children), and most important, peace. My goal with this site is to share the magic of this Land of Aloha and help others who are on a similar quest.
I hope what Stan shared holds true,as I moved to the islands back in ’73 at 19 years of age, and moved to the mainland in ’06-something I thought I would never do- move from the islands! But, in my short term future- possibly- if I can make it work, holds Kauai as my last place to live, enjoy, and love-if meant to be.
Your assumption is that the economy of the USA remains static. I don’t feel that positive about the economic future. We’re due for a downturn and then things can change on Kauai. Tourism is at its peak but that’s dependent on consumer confidence and a strong economy. Watching real estate is kind of my hobby and more and more properties are showing “price reduced”. Cheapest properties get picked up quickly but mid to higher end properties seem to lag. There doesn’t appear to be the usual tourist frenzy to book vacation rentals here in Princeville either. Should be interesting for the next few years to see what happens.
I don’t think I made any claims about a static economy. Like I said in the video, it’s simply an extrapolation of what’s been going on for a while. Certainly we’ve had ups and downs with economy and our share of real estate bubbles but I don’t see any indication of a long term trend indicate Hawaiian real estate will be dropping in value. The basic economics of supply and demand in Hawaii are powerful forces that drive prices up due to very limited supply and ever-increasing demand.
No, you didn’t make that claim, but in order for your predictions to ring true, the economy would have to remain static. My viewpoint is also about Kauai, a different world sometimes from Oahu. In 2012, parking lots for condos with vacation rentals stayed fairly empty. You could make a deal for a longer term rental in one, owners were glad to get some cash flow. Our tourism base is more families and younger couples wanting to hike and enjoy the outdoors. The high rollers go to Poipu often but not too many are elsewhere. Supposedly the old St. Regis, now the Princeville Resort Hotel, will close for renovations for about a year. It will be interesting to see what happens up here on the north shore then. Also, our road has still been closed from Hanalei to Ke’e and might stay that way for awhile longer. Tourism has fallen off a bit due to that development. All of this keeps this retired teacher busy watching trends and traffic. ;) One more thing, I don’t have confidence in the economy with our present administration.
Interesting viewpoint on Hawaii, And it is something that my mother would tell me from time to time. Hawaii will always be here, it is the way that it is seen and interacted with that will be different. Just like you mentioned, the manmade stuff will change, but the natural stuff will stay exactly the way it is at least as long as our lifetime.
Peter, you have aloha attitude. You are a fair, honest spokesperson for Hawai’i. You talk about the “meh” and highlight the “yeahhh” so well.
LOL mahalo for the kind words!
I hope what Stan shared holds true,as I moved to the islands back in ’73 at 19 years of age, and moved to the mainland in ’06-something I thought I would never do- move from the islands! But, in my short term future- possibly- if I can make it work, holds Kauai as my last place to live, enjoy, and love-if meant to be.
Your assumption is that the economy of the USA remains static. I don’t feel that positive about the economic future. We’re due for a downturn and then things can change on Kauai. Tourism is at its peak but that’s dependent on consumer confidence and a strong economy. Watching real estate is kind of my hobby and more and more properties are showing “price reduced”. Cheapest properties get picked up quickly but mid to higher end properties seem to lag. There doesn’t appear to be the usual tourist frenzy to book vacation rentals here in Princeville either. Should be interesting for the next few years to see what happens.
I don’t think I made any claims about a static economy. Like I said in the video, it’s simply an extrapolation of what’s been going on for a while. Certainly we’ve had ups and downs with economy and our share of real estate bubbles but I don’t see any indication of a long term trend indicate Hawaiian real estate will be dropping in value. The basic economics of supply and demand in Hawaii are powerful forces that drive prices up due to very limited supply and ever-increasing demand.
No, you didn’t make that claim, but in order for your predictions to ring true, the economy would have to remain static. My viewpoint is also about Kauai, a different world sometimes from Oahu. In 2012, parking lots for condos with vacation rentals stayed fairly empty. You could make a deal for a longer term rental in one, owners were glad to get some cash flow. Our tourism base is more families and younger couples wanting to hike and enjoy the outdoors. The high rollers go to Poipu often but not too many are elsewhere. Supposedly the old St. Regis, now the Princeville Resort Hotel, will close for renovations for about a year. It will be interesting to see what happens up here on the north shore then. Also, our road has still been closed from Hanalei to Ke’e and might stay that way for awhile longer. Tourism has fallen off a bit due to that development. All of this keeps this retired teacher busy watching trends and traffic. ;) One more thing, I don’t have confidence in the economy with our present administration.
Interesting viewpoint on Hawaii, And it is something that my mother would tell me from time to time. Hawaii will always be here, it is the way that it is seen and interacted with that will be different. Just like you mentioned, the manmade stuff will change, but the natural stuff will stay exactly the way it is at least as long as our lifetime.
Exactly! There’s a certain timelessness which is so grounding.