Honolulu real estate has gone from boom to bust and back again for the last 30 years. Everyone jumps from the mainland to the japenese invasion in the 80's but then reality hits. How do you pay for a 2nd homes in hawaii, The locals dont make the kind of money to pay you rent on the mortgage to support your $800,000 condo. So it will sit empty with you paying the mortgage on it, for the 2-4 weeks a year that you might be able to come use it, oh dont forget to buy a car and the airfare to get back and forth, etc. If you would like to live here 6 months out of the year great our state income taxes is 8.5% of your income dont forget to pay that too. and sales tax is called excess tax here because we tax every stop, from the wholesaler to the grocery to you, that another 4.166% and going up another .5 cents soon so we can get a railroad in 20 yrs. yah hoo! We like to call it the price of paradise. You'll be packing your bags and have the for sale sign out just in time for the next bust, but go ahead I have lots of realitor friends that love to see the mainlanders come over with their wide eyes and eat the BS up about the prices raising 15-35% in the last year, and the prices are double what they were 3-4 yrs ago. Buy now before they go higher, goodness knows there might be one more hill on the rollercoaster before the big fall again. hehehe

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