Such a nice reply, Lookout. You don’t sound too bitter…
Actually, RE in the islands IS much different for a variety of reasons including conforming loans being 50% higher than CA, the abundance of foreign investment in RE (dollar falling is great for HA RE), the second home market, and of course the scarcity and expense of entitling land. As for investment, I have a friend who bought a Wailea oceanfront condo about 12 years ago and it cash flows like crazy and has increased about 500%. Apparently it was a horrible investment although he always sounds very happy when I talk to him about it.
