Invest in Hawaii?

[boont]

Does it make any sense to invest in Hawaii? I have been wondering if this could be a West Coast boomer retirement play.

Sure it's not Florida, but it is a kind of Paradise and it has an International attraction. Especially for Japan and China.

Any thoughts?

b.

 

[wildcat]

Aren't the prices in Hawaii already inflated?

 

[saluki9]

Yeah, Hawaii has already been invested in. I'd love to buy a condo on Maui, but the prices are nuts.

$600K gets you a one bedroom built in the 70's.

 

[boont]

Saluki,

I'm looking at a Studio on the 6th floor of a Condo Hotel for $285,000. It is about 250 paces from Waikiki Beach with a full view of Diamond Head over the park.

The Hotel will rent it for me when I'm not there at $120 night.

That doesn't seem overpriced or anywhere near $600,000. True, it is just a Studio but that is all I need.

b.