Kona Kohala Blog

Developers are setting the prices on condos in both Mauna Lani Resort and Waikoloa Beach Resort these days.  Close on their heels are foreclosures, using developer prices as a guideline then undercutting them just enough to sell the foreclosure before the developer unit.

The developers have already made their money on their original sales where most buyers got taken to the cleaners.  It's not like there was a choice back then, if you wanted the property you paid their bloated prices.  Today, the developer could give away the remaining units and still walk away with a nice profit on the project.

Keep an eye on Hali'i Kai and Ka Milo, two very nice properties where prices for developer units and foreclosed units keep dropping lower and lower.  Either of these should be quick to recover in value when the market picks up again.  Currently prices are under $400K for a 2 bedroom, 2 bath unit.  If you're interested, contact us and we'll give you information on the projects and the area, if you're not familiar with it.

Now, about Dr. Norman Vincent Peale.  He wrote a book at about the time President Jimmy Carter was making a mess of the country.  I came across an interesting paragraph he penned that is as applicable today as it was then.

"An effort is being made by some gloom artists, self-styled intellectuals, to sell Americans on the erroneous notion that since there is a disparity of wealth in this country, it should be taken from some and given to others by political action, and that thereafter everything will be just sweetness and light.  Totally ignored by these social babes-in-the-woods is the fact there is another way to distribute wealth, namely, get an idea, develop enthusiasm for it, and just  plain go to work to build it into reality.  There's nothing in the world that can activate prosperity like that formula!"