Why You SHOULD Buy A House In Hawaii - 2022 Market Update

Ur honesty is really appreciated

Thank you for the informative video!

The last time the US saw 10% interest was in 1990, and it is unlikely we will see 10% ever again unless inflation continues to rise to 12-15%. The market is pricing in the federal reserve to begin to cut interest rates late next year to combat the slowing economy. Commodities have crashed 25-40%, including iron, lumber, copper, aluminum, corn, and food prices, in general, are all coming down. We should look at the real estate prices benchmark to unwind the real estate market prices back to 2019-2020. future % should not be a heavy determinating factor in purchasing a home. I said this before, the delta between "asking, over asking, and bidding alone is already 5-10%+; therefore, a 15-20% correction is in the works.

I appreciate your hardwork and honest approach.

Always informative don't know about the kid on the last video though.

I can’t afford a million dollars home for my family so I being looking for a condo for around $400k, but the nasty market is being pushing me out from buying, salt lake went ridiculously high in the past months and the last condo I put an offer on sold for $20k over asking price. My family is living in a 1 bedroom apartment, my friends are living with 2 and 3 kids in a 1 bedroom 600 sq feet condo. Most of the people I know are sharing a home with the grandparents and other family members. I’m gonna try one more year and if can’t find a descent 2 beds 2 baths for less than $450 with fair maintenance fee in a descent school district neighborhood I’ll convince my husband to leave this fking island full of homeless, crack heads, crime, and not opportunities for young families with kids of living decently. No wonder I heard so many people leaving Hawaii in the past, now is worst, my household makes $100k a year and we have excellent credit but we can’t afford our own place. BS to the max.

Definitely appreciate you tackling the subject head on. Something else people should be considering is how secure their income is. What got people in 2009 wasn't their house being underwater but their job loss forcing them to sell at that low.

I always appreciate your honesty Derek. I'll definitely be getting in touch with your team when I'm ready to move back home. Aloha!

Good perspective

No come hawaii we no need u

Can’t wait to hear about your investment property, my wife and I are thinking about doing the same thing (Ko Olina). Still on the fence.

Keep up the great work guys. You will be my go to team if and when we decide to buy in HI.

Hell now don't buy, the market is going to crash like 2008, don't listen to this guy he's giving out bad info, leaving out many other costs. Hell no.

Good 🤞!

😬

This is the worst time to buy homes in Hawaii. The home prices in Hawaii have gone up too high in the last three years. The interest rates are over 7% and with hawaii prices you will be in debt forever and if the market crashes the buyers will suffer.

These agents need money so they will lie to everyone to buy homes. Don’t fall for it. Wait for the interest rates to come down and hope for housing market to crash. Military will reduce the cola for all service members so they will have less money to buy homes. DO NOT BUY! Let the foreclosures rains

People will lie and look for ways to make people fall into their traps. Housing market can’t be compared to stock prices. Hawaii for sure the tree house that is now almost $1M you will have to wait 20 years just to wait for the value to go up. 3 years ago the market was great but houses went up too high. Look at all the home buy and sell websites. People are being discouraged so prices are getting reduced. Don’t be a dummy who bought at this worst time and believe it or not next year or so, your neighbors will buy their homes 200k-300k less than your home.