Thread: What is your favorite Island in Hawaii and Why?

I think it would be nice to live there, but I'm not sure I could handle it full time. After her last trip Julie referred to "Island Fever". I've seen it first hand. One girl in Kauai was quite put out when our friend said it would be so lovely to work in this environment all the time. She said she just wanted to leave, but couldn't afford it.

I met a guy at the gym this week from the Cook Islands. Born there and brought up in New Zealand. You'd think living there would be paradise, but he's applying for permanent resident status in Canada.

I guess paradise is only paradise if you think it is.

Very good point!!

We're thinking of buying a place there for an investment, renting it out to friends and a select group of well screened people most of the year and using it a few months ourselves. We'd go back and forth between a Texas ranch and a Hawaiian home...now that WOULD be paradise to me! LOL!

Wow, your descriptions of your days and the place you stayed are making it harder to sit here in the cold, gray mountians of Pennsylvania.

I need Hawaii and my cruise now!!!

Originally Posted by Texashorselady

We're thinking of buying a place there for an investment, renting it out to friends and a select group of well screened people most of the year and using it a few months ourselves. We'd go back and forth between a Texas ranch and a Hawaiian home...now that WOULD be paradise to me! LOL!

That's the right way to look at it, and only possible if you can afford to have it empty. We talked with a couple who had bought the first condo we every stayed in on Maui. They paid over half a million for it. I asked if it was paying for itself. The answer was "not even close". Occupancy rate is about 68% he said, and they probably are short about 20K a year. If you can afford that kind of thing, it will pay off in the end as the property values in Hawaii continue to rise. If I had bought it in 1990 for 150K, it'd be paid for long ago, and then you might make money from it. Hind sight is 20/20.

The only way I would think of it would be as an investment hoping prices go up...not that it could ever pay the mortgage month to month.

What a way to live! Island paradise.

Someday.

Originally Posted by daWoods

That's the right way to look at it, and only possible if you can afford to have it empty. We talked with a couple who had bought the first condo we every stayed in on Maui. They paid over half a million for it. I asked if it was paying for itself. The answer was "not even close". Occupancy rate is about 68% he said, and they probably are short about 20K a year. If you can afford that kind of thing, it will pay off in the end as the property values in Hawaii continue to rise. If I had bought it in 1990 for 150K, it'd be paid for long ago, and then you might make money from it. Hind sight is 20/20.

I lived in Hawaii (Maui and Oahu) for just over 14 years, and have watched the home market pricing fluctuate with the times. If you want to invest in Hawaii, just wait till the prices start rising very rapidly........what goes up will come back down. That would be the time to buy.

Rick