I put off buying real-estate in Hawaii last year as it was very high, it came down. Good time to invest?
May 18th, 2010 by admin
When I first moved here realestate prices were going up so fast and buyers were putting in bids higher than the value just to get a home. Now prices are going down and more steady, there are a lot of homes (townhouses, condos) for sale now and they are staying on the market longer. Even though interest when up a bit, would this be a good time to invest?
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Not knowing the future… what is your time horizon and how much return do you need? The longer the horizon… the time always now.
Yes if the prices came down now would be the time interest rates are probably not coming down for a while due to inflation ,so if you were going to invest for long term, i think now is the right time, property in Hawaii is going to keep going up over the years,because there is not going to be anymore made
The same thing is happing in my area, down the pennisula from SF. It is ideal to buy low and sell high, but this market is difficult to predict. In my area there is very little housing due to Silicon Valley’s need for employees from all over the world. How much housing is there in Hawaii? Is it difficult to find? This should help answer your question and determine your turn around time if you are attempting to “flip” a property.
its never bad time to invest, but place
Want to be successful?
The trick is to buy when no one wants something and sell it when the people are falling over themselves to buy and bid things up(like real estate, stocks)
The masses are still bullish on real estate(where ever it is) so I think prices ultimately drop until folks say”Don’t buy real estate, its a bad investment”
just an opinion
Investing in real estate is actually a risk. There is no pinpoint on when it’s a “good” time. The main idea to to BUY RIGHT. Buy when you think its right.
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Not sure, but…………
Keep in mind………..
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market ‘timing is everything’! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its’ value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc…even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great ‘insider’ articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years…..visit:
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market ‘timing is everything’! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its’ value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc…even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great ‘insider’ articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years…..visit: