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Anyone own 2nd property in Hi?
Looks like the money gods might be shining my way...wife wants a second place w/ golf, tennis, beach. Who am I to argue
 Since we already live at the bottom of Cali, the only mo betta place would be Hawaii. She doesn't like Mex or Central Am...if I had my choice I'd be in Costa Rica...so I'm kinda stuck. Ideas or suggestions where to look? I can go either way...Kuaui or Maui or Oahu...laid back or touristy. We'd rent it out I'm sure, no sense leaving an asset like that to lie fallow.
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Jim 76 911s 3.6l Track Car 05 Ferrari F-430 "If its worth doing...it's worth doing to excess" |
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11-24-2006, 04:24 PM
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Right you are...justa cursory look shows studio's on the beach in Maui @ low 7 figures. Apparently, owning just across the street from the beach the cost drops dramatically...but it doesn't rent nearly as many days/year as the same thing ON the beach. These parcels have experienced the same hyper inflation of price as many other desireable locations. Dont know if that means they are as suseptible to market gyrations. 1st order of business will be to pay off the primary place of residence.
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Jim 76 911s 3.6l Track Car 05 Ferrari F-430 "If its worth doing...it's worth doing to excess" |
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11-24-2006, 05:19 PM
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drag racing the short bus
Join Date: May 2002
Location: Location, Location...
Posts: 21,983
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Time share. But beware: their prices are increasing weekly. Last year or two years ago was the time to get into them on Kauai. Not so much now, I'm afraid...
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11-24-2006, 05:22 PM
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Location: NWNJ
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Friend of mine has a second home in Koloa on Kauai. Its waayyyy up on the mountain, no property to speak of, can't even see the beach, two bedrooms with a loft for kids to sleep in. Just a bungalow really. 5 years ago it cost $400K. And the cost of living is really,really high.
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big blue tricycle stare down the darkness and watch it fade |
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11-24-2006, 06:33 PM
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Join Date: Jan 2002
Location: I'm out there.
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I'd rather rent a condo on the beach than own a house a mile from the water. I'll never have enough $$$ to live in Hawaii.
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My work here is nearly finished.
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11-24-2006, 06:35 PM
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Quote:
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Jim 76 911s 3.6l Track Car 05 Ferrari F-430 "If its worth doing...it's worth doing to excess" |
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11-24-2006, 06:45 PM
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2005 Ferrari F-430
Payne-Killer
1976 Porsche 911
