Updated over 4 years ago on . Most recent reply
Lack of Information on Kailua Kona Investing.
Hi,
I have found little to no information on investing in the Kona area of the Big Island. A search for "Kona" on BP returns nothing useful in the way of forums or blogs. This seems odd considering the huge vacation rental market there. Does anyone have any thoughts about why this is? It seems to me that investing in Kona may have some peculiarities due to the huge condo market.
A little background about myself: I am currently living in Seattle with plans to move to Kona in six months or so. My wife's father is a long time resident, so we do have a local connection there. I recently lost my job in Seattle of 14 years, and I am wanting to leave. I am 58 years old and planning that real estate investing in Kona could carry me into retirement. I am an IT pro here in Seattle but there does not seem to be much in the way of IT jobs in Kona. I am a newbie just starting my education in investing. Thank you to anyone who cares to comment.
Most Popular Reply
Kona vacation market will be a good buy for the next year, as even though the volcano is only really affecting Puna/Ka'u the national media has really sensationalized it, and tourists are getting scared away. Kona will be affected as it's the main tourist destination on the island, and because most Kona condo buyers are from out of state, prices may drop, but only temporarily as none of the fundamentals have really changed.