Having doubled, median prices won't double again in the next five years. It's going to be a quieter, more tranquil market. |
I always say that Hawaii is the western edge of Orange County. |
I don't remember anybody saying how much money we've just spent to upgrade the physical facilities at our schools, which would be part of that complex of issues. |
I'm not really surprised about the ranking. How good is it here? It's so good that we have a higher inflation rate than the nation. |
If we have it and everybody else has it, that's huge. If we have it and nobody else has it, that's also going to be huge. |
In some places, like Iowa or Texas, where there are no such things as building permits, the path is smoother, with a steady rate of return of 4 percent each year. In other places, it comes in fits and starts, and the distinction between the smooth path and the stair step has to do with the extent of geographic and regulatory scarcity. |
Lucky for everybody because it says something about our underlying economy. |
The stars are aligned right now for Japanese investors. |
They aren't all looking for a piece of the rock. It's also about investment. When their 30 percent rate of return goes to zero, from a portfolio prospective, real estate starts to fade a little bit. |
We don't have anything to be ashamed of in Hawaii, but there are other places that have obviously had a really dynamic time over the last decade and where the cost of living is a lot lower. |
We saw that income in Hawaii grew very fast in 2004 and continues to grow, but the real story is that inflation is eating it up. |
We should all be so lucky to have something come in higher than you thought. |
We should always be so lucky to have extra revenue, but it's not always going to be the case that it'll be true. |
What this list says is that there are a lot of great places to move to from Hawaii. |
Your only option at that point is -- beam me to Las Vegas, or take a plane to Utah. |