Kauai Real Estate Update, Possible Oahu Shut Down, Mortgage Rates Through The Years

Kauai Real Estate SOLD and NEW listings Island Wide! Add comments

Kauai Real Estate- For a complete update on all the real estate activity on the island for the last week click here: Kauai Real Estate Activity August 10 to 16, 2020

Poipu Beach Real Estate Update- Poipu Aina Estates Luxury Estate now in escrow!  Last week I successfully negotiated an offer for my Seller on a $2,715,000 listing I have of his in Poipu Aina Estates.  This subdivision is unique in the fact that it combines upcountry living and all the attractions of Poipu Beach.  This home is on almost 3 acres of land and horses are allowed; vacation renting is not.  This is for those that like the peace and solitude of living on acreage along with the great weather and attractions of Poipu Beach.  Contact me for other options in this subdivision.
For all the latest news on the fee simple Poipu Beach market click here: Poipu Beach Current Market Analysis

Kiahuna Plantation Real Estate- My Kiahuna Plantation page has been updated and you can read the latest real estate news here: Kiahuna Plantation Current Market Analysis

Hawaii Department Of Health Whistleblower
A worker at the Department of Health blew the whistle on what she is saying the real number of contract tracers for the state are.  We’ve been told that there are 100 contract tracers and at a UHERO conference I heard that by July we were suppose to have 500.  The whistleblower says it’s more like 10.
Last week state senators paid an unannounced visit to the Department of Health and saw a department overwhelmed by the number of their cases and unable to follow up with all those that are infected.  U.S. Representative Tulsi Gabbard is calling for the removal of the head of the DOH and the states epidemiologist, both who she states is responsible for the situation.  Tulsi Gabbard said “They have failed. To top it off, they have lied to the people of Hawaii all along saying don’t worry we have it under control.  The numbers that have been reported specifically by Bruce Anderson and Sarah Park are false and the fact that they change almost on a week by week basis and even differ between Bruce Anderson and Sarah Park points to the dishonesty and lack of integrity in leadership of the Department of Health.”

In a statement Friday, Gov. David Ige said the “recent restructuring of DOH’s disease investigation branch is an important step in addressing the surge, and the department will continue to increase its capacity in the coming weeks.”

Oahu Possibly Shutting Down
Lt. Governor Josh Green said the new cases of COVID cases consistently being in the triple digits on Oahu will possibly lead to a complete shutdown of that island.  He also stated that Oahu is not heading in the direction that would allow for Trans Pacific travel on September 1 which is the date (as of today) for reopening tourism.
The virus is now in several nursing homes and major hospitals on Oahu are now not allowing visitors.  There was a recent outbreak at Kapiolani Womens and Childrens Hospital and COVID is running rampant at “O Triple C” which is the states main prison.

Lt. Green said ““This rate of spread is now not sustainable, and it does look very likely that the governor and the mayor will have to make a hard decision to have a stay-at-home order starting next week.  284 cases is a major problem. The bigger problem than even that is that we have 2,900-plus active cases. That will translate to 325 hospitalizations soon, and our hospitals are reaching capacity.”

What does this mean for Kauai?  Our island COVID numbers are very low, the situation here is very different. The numbers staying low is paramount as it wouldn’t take much to overwhelm our Hospitals.  Our Kauai Mayor has not imposed any new restrictions other than to limit the number of people gathering together from 100 down to 25.  Our restaurants, salons, stores etc. remain open.  The number of cases that we’ve had in total is 54.

Mortgage Rates By The Decades
There is positive news on the mortgage front.  A mortgage for a $300,000 home in the 1970’s is almost double what it is today some 40 years later.  Granted, $300K won’t buy what it could when disco reigned supreme however your buying power is considerably higher.

Below is a graph illustrating what a $300,000 mortgage would look like during the last 5 decades.
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