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Paradise challenges - 9/8/2008
I have lived in New England a good part of my life where 4 seasons are the norm, with winter being a bit too long. A good part of my adult life has been in Maryland where summers are oppressive and winters mild. Cost comparison....Hawaii is lovely but comes with a price. Housing is at least double the cost of homes/condos/townhouses/duplexes in Maryland. Summer 2008 home prices have dropped quite a bit in some towns like Ewa, Makakilo and stayed stable in towns like Kailua, Pearl City, Metro area. Summer 2008 a 1008 sq ft duplex in Kailua(Oahu) was going for $495-535K depending on condition of unit. In Ewa, you can purchase a home for under $400K but commute time to the city of Honolulu is like the LA freeway or Washington DC beltway, horrendous. Too much time sitting in a vehicle. Weather is lovely but in the city, hot due to all the concrete and hottop. In Kailua, it's in the mid 80s, nice tradewinds and traffic is minimal due to no commercialism like in Honolulu. It's a bedroom community with a perfect beach. Having lived with 4 seasons, I do find that one season 365 days of the year to be a bit too much. I like variety and now that I have been here two years, it's the same weather all the time. Some folks would find this boring after a while. Though walking on the beach with the dogs daily is certainly grand. Folks here are all about family. Generational living home small homes is the norm. Grandma/grandpa, parents and children all under one roof - it is all about family. Nice, very nice. however think about your future years, retirement, senior years, adult living centers, nursing homes, etc. Most families care for the elders in their homes. You won't find ample nursing homes or adult living centers on Oahu or other HI islands. Bring your extended family if you want some form of security in your elder years otherwise you are on your own. Oahu is a small island. Living in Kailua, it's an hour's drive to North Shore, 20 minutes to South Shore, 20 minutes to Honolulu. Scenery is breathtaking, a photographer's dream. I don't find it to be too costly other than for gas and housing. Shop for local foods and live in modestly small housing and you should be able to do fairly well. Most homes are in the 1000 to 1800 sq ft range and around $450-500+/sq ft. Rents for a 1 to 2 bedroom home go for @ $2000/mo. A 1,000 sq ft rental should run you around $1500 or more, depending how close you get to the beach. I can't afford to live here much longer since I want to use my funds to buy a home and here homes for me are unreachable. On the mainland, I can get a lovely home for @ $350K, here in Hi that same home would run @ $800-900K. Ahhhh, the cost for paradise. Lovely people, friendly and very pet friend. too bad I can't afford it.[read more...] |