Tom from Bristol, United Kingdom asked:
Which option would you recommend:
1) Moving over as soon as possible, renting a property and then eventually going on to buy something as soon as we can afford to
2) Delaying the move (by years), saving and buying somewhere where we are currently, with the goal of being able to put down a deposit straight away when we make it over?
Essentially taking the time to set ourselves up first or moving over immediately because we can’t wait and then working things from there?”
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I have a different take on this issue. First thing is the panelists are obviously all successful but probably represent a small fraction of the total % of people who came to Hawaii and were able to find or create great jobs which enabled them to buy a house and afford the better things in life. You would have to make a hard-headed calculation about the possibilities of you being able to do the same. Which only you can do. I think another large factor is whether you have kids and are willing to subject them to such uncertainty. It sounds like Peter and others came when they were young and fancy-free. So it depends on your station in life, I suppose. Lastly, I understand that it is difficult for long-term residents of Hawaii to buy a house because salaries are so low so that is something you would have to consider as well.
I have recently retired and am planning to move to Hawaii this year. It is impossible for me to figure out whether I would have been happier in Hawaii at an earlier stage of my life but my best wishes to you!
Mahalo Greg for the fabulous comment! Very well said.