Thinking about making the move to Hawaii? Reach out! We're here to help :) Call or Text us: 808.277.0869 Email us: micah@paradisebrokers.com Schedule a Zoom Call or Phone Call: schedule.paradisebrokers.com/
Hawaii, the island of Oahu in particular, has basically turned into a rather large theme park for the rich and well to do. But not just for Americans.There are Russians, Chinese, Japanese, Europeans, Australians, New Zealanders who are buying large chunks of real estate and condominiums as investments. This is the fault of the policies and politicians of our state. Affordable housing for hard-working locals? Ha! I've lived on Oahu for 32 years, and the politicians still have never stopped ✋️ the foreign investment industry in Honolulu. They just keep buying and buying and buying.
I get where you're coming from.. It can definitely seem like that sometimes. I know it seems like foreigners are buying up all of the real estate, but that just isn't the case and they end up being the scapegoat for our real estate problems. Here are some stats that show the profile of Hawaii's real estate buyers and where they are coming from (see link below). Of the 8,368+ Hawaii properties sold so far in 2024, less than 100 of those were to foreigners so roughly about ~1%. The reason property values are so high is because the demand is much higher than the supply. So this isn't an issue of foreign buyers, this is an issue of a lack of inventory/supply and the real place to point blame for this issue is DPP and the government who have imposed so much bureaucracy, regulations and red tape that it's become so expensive to build that hurts our housing supply and increases home prices for Hawaii's residents. DPP is ultimately the bottleneck to our housing supply crisis. www.tghawaii.com/wp-content/uploads/Buyer-Stats-Oahu-Q2-2024.pdf
Thinking about making the move to Hawaii? Reach out! We're here to help :)
Call or Text us: 808.277.0869
Email us: micah@paradisebrokers.com
Schedule a Zoom Call or Phone Call: schedule.paradisebrokers.com/
Yeah traffic is the biggest con. Rush hour and rain. The perfect recipe to turn the H1 into a parking lot.
So true, I try to plan my day around traffic whenever possible
Luau bombs from Mike/ Kaneohe Mall food market PRO
Can't say that I've had that yet but I'll need to try it next time I'm in Kaneohe
Hawaii, the island of Oahu in particular, has basically turned into a rather large theme park for the rich and well to do. But not just for Americans.There are Russians, Chinese, Japanese, Europeans, Australians, New Zealanders who are buying large chunks of real estate and condominiums as investments. This is the fault of the policies and politicians of our state. Affordable housing for hard-working locals? Ha! I've lived on Oahu for 32 years, and the politicians still have never stopped ✋️ the foreign investment industry in Honolulu. They just keep buying and buying and buying.
I get where you're coming from..
It can definitely seem like that sometimes. I know it seems like foreigners are buying up all of the real estate, but that just isn't the case and they end up being the scapegoat for our real estate problems.
Here are some stats that show the profile of Hawaii's real estate buyers and where they are coming from (see link below). Of the 8,368+ Hawaii properties sold so far in 2024, less than 100 of those were to foreigners so roughly about ~1%.
The reason property values are so high is because the demand is much higher than the supply. So this isn't an issue of foreign buyers, this is an issue of a lack of inventory/supply and the real place to point blame for this issue is DPP and the government who have imposed so much bureaucracy, regulations and red tape that it's become so expensive to build that hurts our housing supply and increases home prices for Hawaii's residents. DPP is ultimately the bottleneck to our housing supply crisis.
www.tghawaii.com/wp-content/uploads/Buyer-Stats-Oahu-Q2-2024.pdf