Today I’m launching a new YouTube Channel focusing on Hawaii real estate. If you’re considering buying a home in Hawaii, you’ll want to listen two of my very good expert real estate friends that I’ve known for over a decade share their predictions about where things are headed. Let me know what you think!
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This is the recording of a live event where I invited subscribers that had previously indicated they wanted us to help them find a home in Hawaii. If you would like to be invited to the next event, check your weekly email newsletter and click on the link so we can help you find a home in Hawaii and the next time we do this, you’ll get the invite!
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Peter,
It’s a fact Hawaii needs to diversify and be less dependent on tourism.
Here’s a thought and I am sure some people in Hawaii have already considered this . It looks like the pandemic is causing quite a few big companies including
tech have finally clued into the fact many more of their employees can effectively work remotely. I am very lucky to have been able to work remotely for a large Tech
company for the past 17 years. I even take my laptop and a portable hot spot with me to Hawaii on vacation.. Sure. sucks to work on vacation, but better than going into
the office. I have not had to travel for business for years. So long as there is some decent internet infrastructure available it works.
It’s never been an issue to be able to do my job except in the relatively rare times were there were long-term power outages due to hurricanes and even then I am usually
able to get a connection using battery backup, generator and my hots spot since the cell towers are “usually” still available.
Granted, your ’12 reasons’ are still perfectly valid, Hawaii is simply not for most people. Lets say Hawaii could get only a few hundred to a 1000 ‘new residents’ by
appealing to these ‘newly mobile’ employees. This is still the equivalent of scoring a major corporate HQ without paying out many millions in ‘incentives’ states pay on
the mainland to get a company to relocate.
Chances are most of the people who would choose to relocate have jobs with decent pay. So you would have x number of people relocating who are bringing their
jobs with them. They will be paying local taxes and they won’t complete with people there for jobs. They would also contribute relatively less to the traffic–at least
not work-commute traffic. These jobs would also be mostly non-tourism related. They will of course also be spending a lot in the local economy supporting the
other people there. It would have to help the local real estate market too,
If you go one step further, jobs which mainly require a computer and decent network have a relatively small footprint. The sorts of infrastructure updates
that may be needed will probably not get anyone bent out of shape, not say like ‘TMT’. How much better would it be for people there if their kids
had a reason to go to school and learn some useful tech skills they won’t have to move off-island to put into use. Projects like TMT get a lot of blowback
not just because ‘its there’. People are not seeing any benefits come from it for themselves and their children.
Totally agree! The “Remote Commuter” market is a winner for Hawaii in so many ways.
Very informative video Peter. I intend to watch it a second time to make sure I didn’t miss anything. By the way is this a new ‘look’
for you? ;-)
I follow the local Hawaii news literally every day, so I know about the economics, the daily cases and most especially the lockdown-
required quarantines. I even watched all of Ige’s news conference where he announced the extension till May 31(at least) and the
Q&A session afterward. I am sorry about all the economic hardship. We have it here too, but not as bad as in Hawaii.
We had a trip planned out to spend a couple weeks there staring June 6. The plans were made and things were paid for before
all of ‘this’ happened. We wanted to spend time with our friends there, check out a lot we bought last year and splurge on buying
goods and services from local merchants. Our luggage going back home is always filled to the limit and we have to ship
multiple things back to our place besides what we can carry.
Sure, there is no vaccine for anyone to take yet. We would gladly be tested as part of traveling but we don’t see any plan in place
to do so We would even be open to tracking our moves via something like a cellphone app, We know to take all the usual
precautions –if you are the least sick with anything stay home, no physical contact, wash your hands, wear masks, social
distancing and all that. We have been in lock down here since mid-March so we are are prepared to do that and have been for
quite a while now.
We aren’t terrified to travel to Hawaii what with the sorts of precautions being taken both by us and any airlines still flying
but this isn’t really our decision.
A mandatory quarantine and some of the things I saw suggested (like ankle monitors) are a no-go. I see where there were
a handful of people who thought they could take advantage and fly on the cheap from the West coast and flaunt the
quarantine. I would bet the people who did that are not the ‘regular’ visitors who spend a lot of money to support the local
economy anyway.
There maybe someone in the state that has some realistic plan to start allowing even a trickle of ‘tourists’ back into Hawaii
at some date but we haven’t seen it yet, Based on what we know and what we don’t, we had to cancel and we simply have no idea
yet when to try to go back to Hawaii. I hope that becomes more clear soon, for Hawaii’s sake.
Thanks for the comment. I agree!
Peter, this was a great segment! It was so enlightening to get local experts’ take on this whole crisis. No guarantees what will really happen in the future, but this really gave me a “pulse” of intelligent thoughts and concerns from within Hawaii – much more informative than listening to national news! Thanks so much to you and the other experts for putting it together!
I’m so glad you liked it! I was very happy with how it turned out.