Re: Housing in Hawaii



"Jerry Okamura" <okamuraj005@xxxxxxxxxxxxx> wrote in message
news:1137469503-sch@xxxxxxxxxxxxxxxx
>
>
> "Lawrence Akutagawa" <ltakuNOSPAM@xxxxxxxxxxxxx> wrote in message
> news:1137371704-sch@xxxxxxxxxxxxxxxx
>>
>> FYI - mainland view on current housing market in Hawaii:
>>
>> http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/01/15/
>> HONOLULU.TMP
>>
>> 30% of Honolulu housing owned by investors is a lot lower than I
>> thought.
>> Wonder what percentage of that 30% is out of state folks. Wonder
>> what
>> the
>> numbers are for the state as a whole.
>>
>
> That number was not mentioned in the posting, or did I miss that? But
> to
> your point, exactly what do you mean when you say that 30% of housing
> is
> owned by investors? Aren't all homes owned as an investment
> automatically
> when you buy a home? I think what you are talking about is people who
> buy a
> home but do not live in them, or live in them for only short periods of
> time. As to your question about what percentage is out of state folks,
> that
> sort of depends on what you mean. Are you asking how many are only
> part
> time residents, or does that include full time residents who moved to
> the
> State from another State?

Jerry -

Read the article! Again! Quote:

"Further muddying the waters, estimates on the percentage of Honolulu's
homes owned by investors run as high as 30 percent, according to
Shapiro of
the Board of Realtors. "

To answer your questions as per definitions, check with Harvey Shapiro,
research economist at the Honolulu Board of Realtors...that's his
usage, not
mine. As for out of state folks, I'll defer to whatever definition the
state or the Honolulu Board of Realtors has. And it doesn't have any
(hard
to imagine), my try would be something along the lines of folks who own
homes in Hawaii whose 1040 federal tax return bears a home residence
address
other than in Hawaii.

.

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