FIND YOUR HOME IN HAWAII NOW 🏠 coreteamhawaii.com/ CONTACT OUR TEAM 📲 (808) 202-9194 (we respond to text messages quickly) 📲 Email support@coreteamhawaii.com
Just got back from Hawaii trying to buy a home for when I retire next year. I don’t live in Hawaii. Any advice on how to look for a home from afar? Yes the housing market sucks!
Hi Jo Ann, thanks for your feedback! Sure, the market kind of sucks right now, but we're still helping people buy/sell homes all the time. When it comes to looking for a home in Hawaii when you're not physically in Hawaii, we believe the best way we can provide value to you is as follows: 1) Set up a video call with us here: derekokahashi.com/contact/ or call 808-202-9194 2) We will work together to create a customized search that matches your needs and wants with what is available on the market 3) Take a virtual tour/walk-through 4) Keep up to date by subscribing and watching our weekly videos. We may very well end up doing a neighborhood tour video of your future home in Hawaii!
Love your videos! Planning a relocate from Scottsdale to Oahu in next few months and planning to rent until we acclimate. Do you personally feel that the home prices will continue to trend up - or do you think they are getting close to a ceiling? *understanding we are in unprecedented times. Thank you!
$800K Home Price -- Needs = poss roof, gutters, screens, window damage, water damage, rotten wood/fascia boards, various maintenance/upgrades, 70s'/80s' kitchens, poor designs, zero yard, needs painting, siding, bug damage, pest control, power washed, shoddy interior upgrades, old appliances, etc ... yea ... no thanks! Market is anywhere from 35-45/50 percent over valued.
Trips: I just bought 🤷♂️ With Hawaiian land not going out of style, inflation soaring at 10+% (CPI says 6% so prob 12-15 in reality), Cooper prices tripled, lumber prices tripled… I agree that these prices hurt and the rise is hard to digest. Without a significant interest rate change though, how do used home prices go down 30% when new home building costs are going up 100%?
Alex: I understand the sentiment and don't entirely disagree, but when economic cycles happen, investors pour a ton of their own cash and others' cash into the market. Without them markets would suffer, so that is one reason I would disagree to disincentivizing investors. Another is that the government is skilled at turning a dollar into 25 cents or maybe a nickel or penny. When I was active duty I saw the waste first hand. So, taxes go into a horribly wasteful bureaucratic system and that sucks. Also, many parents in their middle years buy a second home to get a jump on things for their children who will eventually inherit the home. I do hate the idea that people who are working hard and are on the borders of being able to make it and buy a home, may not be able to because of high prices that may not be as high without investors. Good news for Hawaii is that it is not a good place to invest for cash flow and therefore not a ton of people are just buying homes for the rental value here. So, less 2nd and 3rd homes. It is complex, but I hear you. Much aloha.
Aloha Timbo. Mahalo for commenting. It is a rough competition (if you're having to compete, which we try not to), but interest rates are incredibly advantageous too. I just purchased in Mililani myself and am feeling great about it. It can be done! :-)
FIND YOUR HOME IN HAWAII NOW
🏠 coreteamhawaii.com/
CONTACT OUR TEAM
📲 (808) 202-9194 (we respond to text messages quickly)
📲 Email support@coreteamhawaii.com
.
Where do you think prices will be in 5 years?
Just got back from
Hawaii trying to buy a home for when I retire next year. I don’t live in Hawaii. Any advice on how to look for a home from afar? Yes the housing market sucks!
Hi Jo Ann, thanks for your feedback! Sure, the market kind of sucks right now, but we're still helping people buy/sell homes all the time. When it comes to looking for a home in Hawaii when you're not physically in Hawaii, we believe the best way we can provide value to you is as follows:
1) Set up a video call with us here: derekokahashi.com/contact/ or call 808-202-9194
2) We will work together to create a customized search that matches your needs and wants with what is available on the market
3) Take a virtual tour/walk-through
4) Keep up to date by subscribing and watching our weekly videos. We may very well end up doing a neighborhood tour video of your future home in Hawaii!
Love your videos! Planning a relocate from Scottsdale to Oahu in next few months and planning to rent until we acclimate. Do you personally feel that the home prices will continue to trend up - or do you think they are getting close to a ceiling? *understanding we are in unprecedented times. Thank you!
There are a lot of signs to point towards the market trending up, or plateauing, unless the interest rates increase significantly
$800K Home Price -- Needs = poss roof, gutters, screens, window damage, water damage, rotten wood/fascia boards, various maintenance/upgrades, 70s'/80s' kitchens, poor designs, zero yard, needs painting, siding, bug damage, pest control, power washed, shoddy interior upgrades, old appliances, etc ... yea ... no thanks! Market is anywhere from 35-45/50 percent over valued.
Trips: I just bought 🤷♂️ With Hawaiian land not going out of style, inflation soaring at 10+% (CPI says 6% so prob 12-15 in reality), Cooper prices tripled, lumber prices tripled… I agree that these prices hurt and the rise is hard to digest. Without a significant interest rate change though, how do used home prices go down 30% when new home building costs are going up 100%?
Copper*
2nd 3rd houses etc should be taxed at 1/3 their value yearly.
Alex: I understand the sentiment and don't entirely disagree, but when economic cycles happen, investors pour a ton of their own cash and others' cash into the market. Without them markets would suffer, so that is one reason I would disagree to disincentivizing investors. Another is that the government is skilled at turning a dollar into 25 cents or maybe a nickel or penny. When I was active duty I saw the waste first hand. So, taxes go into a horribly wasteful bureaucratic system and that sucks. Also, many parents in their middle years buy a second home to get a jump on things for their children who will eventually inherit the home. I do hate the idea that people who are working hard and are on the borders of being able to make it and buy a home, may not be able to because of high prices that may not be as high without investors. Good news for Hawaii is that it is not a good place to invest for cash flow and therefore not a ton of people are just buying homes for the rental value here. So, less 2nd and 3rd homes. It is complex, but I hear you. Much aloha.
Great show!! Thanks
Mahalo Dennis!
I agree the buyers market sucks. LOL.
Aloha Timbo. Mahalo for commenting. It is a rough competition (if you're having to compete, which we try not to), but interest rates are incredibly advantageous too. I just purchased in Mililani myself and am feeling great about it. It can be done! :-)