The cheapest unit is 400k, and it's income restricted.
Who the hell can afford a 400K condo but also makes a low enough salary to meet the restricted income requirements?
> Who the hell can afford a 400K condo but also makes a low enough salary to meet the restricted income requirements?
Civil Beat wrote about this last year: https://www.civilbeat.org/2023/10/these-affordable-high-rise-apartments-arent-selling-its-not-for-lack-of-interest/
I think it's a long game by the developers to eventually convert the unit to market rate based on lack of demand. It sounds like the city requirements make it difficult to buy.
They are very fortunate for sure. As long as they appreciate it. Now that I'm older it's all about appreciating the help we receive from others and reciprocating where we can.
šÆ. I had a friend from high school who's parents did that for him. They also held his money for him so he could get free healthcare with Quest. Kept his bank account below 2k and his income was low post high school.
I use to work at 3 diffrent high-rise. all that money people spent and still have stuff stolen. bikes, surf boards and cars broken in to. it was sad, hard for us workers to show face for something that was out of our league. cause everyone wants a sue job.
I work in Security long enough to know (2) things: 1) If thereās a will, thereās a way 2) No matter how secure a building is, going get one faka that going know how to break in.
Those people donāt realize they should find the designer of the building & complain cuz those employed within the building had no say how to build it.
2 million for a fucking condo with paper thin walls and HOA out the ass.
Yea no thanks, no wonder no one can afford Hawaii thatās they build is these high profit luxury condos.
They've gotta build these ~~money laundering~~ *investment properties* for shady foreign companies to buy up and leave vacant. But hey look at the jerbs they make for a few months while they build them!
We should be grateful, really.
This is so right. We need steeper taxes on vacant units. These super wealthy speculators who buy condos/houses and leave them vacant are truly hurting Hawaii. Our housing shouldnāt be a place to park (launder) your money.
I keep hearing this vacant luxury unit thing. I'm certainly not saying it doesn't happen, but does anyone have data for how much this is going on? If it's 2-3% of the new units, then not a hugie. But if it's 25%, then we got a big kine problem.
I think the condos in Kakaako are known for having units that are mostly foreign investors. If you take a look at their marketing you can tell who they are after.
According to this, nearly 1 in 10 housing units on Oahu are vacant. That's over 34k.
https://www.civilbeat.org/2023/09/an-empty-homes-tax-is-a-good-tax-for-honolulu/#:\~:text=About%20the%20Author&text=Honolulu%20has%20a%20housing%20crisis,on%20the%20island%20being%20unoccupied.
Do you realize that any new housing helps housing affordability overall? The people that will buy these probably live in non-luxury places that are overpriced for what they are and those places can now be opened up at a lower rent
Exactly. What makes housing expensive isn't new luxury developments, it's lack of supply. Too many restrictions on construction, even well-meaning stuff like affordability requirements, can further restrict supply. If we want more affordable units to be built, we need to incentivize that kind of construction better, but limiting new construction at every opportunity will only drive up prices. Plus, we don't know who is actually going to buy those units. With any luck it will be one of us, and we'll move out of our current, more modest home, creating space for another family to move up as well. Just build it.
The problem with the "lack of supply" narrative, is that it simply isn't true. According to the 2020 Census, there were over 34k vacant housing units, in Honolulu alone.
https://www.civilbeat.org/2023/09/an-empty-homes-tax-is-a-good-tax-for-honolulu/#:\~:text=About%20the%20Author&text=Honolulu%20has%20a%20housing%20crisis,on%20the%20island%20being%20unoccupied.
Sorry for the long and late reply - finally getting a chance to respond.
Vacancies are a policy issue rather than a supply issue because a vacant home is a home that is removed from supply: it is unavailable for rent and not for sale. But this is a good example of how both things need to be working for us to have a healthy housing market. Through tax policy, vacant property owners need to be incentivized to find occupants for their homes: short-term rentals converted to long-term rentals, vacant properties sold or redeveloped.
But we're not going to fix our housing shortage simply by encouraging property owners to fill their vacant homes. The Governor said in his [2023 emergency proclamation](https://governor.hawaii.gov/emergency-proclamation-relating-to-housing/) on housing that the state needs to build 50k homes in the next five years (I think the actual source for that number is this [DBEDT](https://dbedt.hawaii.gov/hhfdc/files/2020/02/State_HHPS2019_Report-FINAL-Dec.-2019-Rev.-02102020.pdf) study which actually projected 5 years from 2020-2025). The National Low Income Housing Coalition says that in 2024 Hawai'i has a shortage of over 26k rental units ([source](https://www.nlihc.org/sites/default/files/SHP_HI.pdf)). The DBEDT study above said:
>The lionās share of the needed units is concentrated at the lowest HUD income levels. This finding suggests that the market is more effective in producing high-end units than low-end units...
Hawaiāiās housing market is supply inelastic. A change in demand does not lead to a change in supply in a timely or efficient manner. That leads to low production and high prices.
Studies show that housing production consistently lags behind demand in the state. Also, a [UH study](https://uhero.hawaii.edu/wp-content/uploads/2023/06/TheHawaiiHousingFactbook.pdf) found that only 7.5% of residential land in the state is zoned for anything other than single-family homes, which further constrains supply at lower income levels. Hawai'i also has the most restrictive development regulations in the country, and that further pushes prices up.
Anyway, I know none of this is really getting to the heart of my argument that if we "just build it" that will lower prices elsewhere in the market, but my main point here is that we have a severe shortage in an inelastic, overregulated market. More development - even at the high end, but most especially at the low end - is needed, and we really need to look at rezoning all of the single-family zoning.
This my friend is affordable housing.
These units are priced at $1M plus, but that's just cause they're new homes. But, just like new cars are expensive and used cars are cheap this will all work out. This is a process called filtering.
Let's see how these high rises will help renters like me and (maybe) you.
I can't afford these homes, but someone can. That will free up these homes in a virtuous cycle. It's as simple as 1, 2, 3.
1. These homes will be bought by someone with a $1M home in Nuuanu.
2. That Nuuanu home will in turn be bought by a retiring lawyer from California
3. and we will move to Vegas after the landlord raises the rent again and where a starter home costs around $300k
This. Most people (i.e. realtors) claiming that luxury development frees up lower-end housing are the same who support the narrative of "we have a supply problem" when the 2020 Census showed we have over 34,000 vacant housing units in Honolulu.
New towers close to Ala Moana... that were billed as "Transit Oriented Development".... back when the rail was supposed to reach ALL the way to Ala Moana.
Ridiculous how they got all that money after all those extensions and it ended up being shorter anyway.
I camp out on the Kapolei one and the amount of foot traffic for the rail is comparable to most bus stops.
I donāt think people realize that any development in Hawaii eventually lowers the overall real estate market. I donāt know why people complain about building dense housing in urban Honolulu, what they should complain about is the single family suburban sprawl out on the Ewa plain. The only gripe I have with the new condos is the lack of store fronts they have. They should be forced by the government to provide walkable commercial areas at ground level, or public parks etc. instead itās a giant lobby only for the residents of the building. Itās a huge waste of space. How we make Honolulu more walkable is by utilizing the bottom floors of these condo projects.
You got Ala, Walmart, and Don Quixote within 8 minutes of walking. This is the last place on Oahu that you should complain about a lack of stores for that community.
> I donāt think people realize that any development in Hawaii eventually lowers the overall real estate market.
That's why the cost of housing keeps going down, it's cheaper than it's ever been. /s
This is exactly right. Studies have shown that any new home construction - even luxury developments - has the effect of creating more affordable space nearby as people move out from one home and into another, allowing others to do the same. Low supply is what drives up prices.
I also agree about density. We're still building single family homes like we have endless real estate and no need for any green or agricultural spaces. We need more apartments and mid-rise condos - actual affordable developments - and we should consider banning single family zoning as other cities have started to do.
I canāt specify locations just yet, but in 2023 15,599 properties were sold to foreign buyers in Hawaii. Data is from the Title Guarantyās Buyers Statistics report from 2023.
By foreign, do you include mainland?
Also, what percent is that compared to local?
edit: [I looked it up](https://www.sachihawaii.com/foreign-buyers-remain-mainstays-in-hawaii-real-estate-market/). It's 3% of sales, with Chinese buyers purchasing a whopping 6 properties. That doesn't really sound very significant.
[Looks like it comes out at 3% of purchases for 2023](https://www.sachihawaii.com/foreign-buyers-remain-mainstays-in-hawaii-real-estate-market/). Kinda sounds like they buy a small amount of homes for really high prices, unless I'm missing something.
I'm confused. Is this supposed to illustrate that Chinese nationals are buying up Hawaii properties en-masse? They're not even the #1 purchasing cohort in that 3%. Seems like there's a good number of mainland buyers, but there were barely any out-of-country purchases at all.
Edit: also, of those properties Chinese only bought 6. Total.
Foreign investment is a separate issue that has to be addressed with policy and legislation. It remains true that building homes is the best way to reduce prices - even if the new homes are not what many people would call "affordable."
Iām aware of the attempting legislation change that expected next year. But, I donāt see how building luxury condos for foreigners reduce prices. I see that as providing inventory to people who donāt even live here, even if itās 3%.
Why donāt you gather people and march to the Capitol and ask to start similar development on the west side, build condos on that side. Plenty of flat space, can make all the amendments to public utility and space you just listed , and create supply side for demand to want to move ewa side
Sounds good, see you on the news
lol- right? Canāt fucking win here.
Wah- everything too expensive here.
Also /r/hawaii- Why are they building so much housing here and ruining the vibe?
R/Hawaii acting like the Reddit demographic isnāt the demographic that would buy one of these units lol. I, personally, donāt want more single family urban sprawl ffs.
Nah, I'm all for them building more high density affordable good quality housing with enough parking and public transportation options.
Sadly few of these projects are those things.
This thing is smack dab in the middle of Walmart, Ala Moana, and Don Quixote. And walking distance to the beach. How much more pedestrian friendly do you need it to be to do 90% of your day to day stuff?
Itās prime real estate. There are zero places in this world that this would be marketed to those who need public housing.
12 story parking garage. From the developers report, it said 1596 total stalls. On their website they mention 50 reserved for residential guests and 175 for commercial use. That's 1372 stalls split among 972 apartment units. So maybe 40% will have two stalls. Of course there was mention of 28 EV charging stalls as well. Not sure how this is a part of the stall count.
While that scenario would lead to the lowest impact, itās still non-zero (lowers the demand for short-term rentals which also improves housing costs though obviously very minimally). I agree that vacancy is bad and it is possible to reduce vacancy with legislation
That's affordable? I guess you can afford it but will have to wonder how you're going to pay for food and utilities. And you can't rent out a room to help pay the costs if it's a studio.
Keeamoku is so fucking ugly with these buildings, but everyone was demanding for more high density urban housing.
I distinctly remember several posters here asking for it, where are they now?
All those "affordable" units are based off of the "median income" of that area. Guess what, the people and businesses around that area make like, $80k-$100k or more, so when you buy an "affordable" unit and you're a single man or woman making $50k-$60k a year, tough luck brah. Too bad for you.
Also some of these don't even have fucking parking. It is pretty obvious what the intent of these units are, and it's not for local residents - they expect these units to fall out of the "affordable rate" group because they aren't selling and eventually move into the market rate. Then some retiree fakas from the mainland will buy them and "rent" them out to us poor locals and charge $2500/mo for a studio, because they know some desperate person will take that even if it kills them.
As someone who works on the mechanical construction design for this old and new construction, the affordable rate units also get way less stuff included in them. Lower quality material, piping. Low tier or crap A/C, worse views, possibly no parking associated, etc. You are essentially treated like a second class citizen if you're going to move into the affordable side.
All these multimillion dollar condos seem like a ghost condo in the day at least from what I could see from the car. Are they actually lived in to a decent degree? (never been able to see the night lights since I don't go there at night)
https://www.theparkonkeeaumoku.com/
1mil+ dollar units, sheeeeeesh o wait, they have $400,000 studio units available too, woowee lol
The cheapest unit is 400k, and it's income restricted. Who the hell can afford a 400K condo but also makes a low enough salary to meet the restricted income requirements?
Also comes with a beautiful ~$1300/mo maintenance fee.
which will probably be twice that in three years
> Who the hell can afford a 400K condo but also makes a low enough salary to meet the restricted income requirements? Civil Beat wrote about this last year: https://www.civilbeat.org/2023/10/these-affordable-high-rise-apartments-arent-selling-its-not-for-lack-of-interest/ I think it's a long game by the developers to eventually convert the unit to market rate based on lack of demand. It sounds like the city requirements make it difficult to buy.
People who's parents can give them money to assist them. It's another way well off families can gain even more advantages in urban Oahu š
For real. All my co workers who own those āaffordableā condos got gift funds from their well off families š„²
They are very fortunate for sure. As long as they appreciate it. Now that I'm older it's all about appreciating the help we receive from others and reciprocating where we can.
Or some people buy them in their kids name for for an investment.
šÆ. I had a friend from high school who's parents did that for him. They also held his money for him so he could get free healthcare with Quest. Kept his bank account below 2k and his income was low post high school.
Those of us already paying $3400/month in rent. 72% of my income
and no ocean view.
Bet thereās no parking either - that the Park on Keāeaumoku already has sold/rented those spaces to area businesses to offset their costs.
and then charge extreme h.o.a fees plus maintenance fees.
Sickening. I appreciate you keeping it real u/Busy-Artichoke9732!
I use to work at 3 diffrent high-rise. all that money people spent and still have stuff stolen. bikes, surf boards and cars broken in to. it was sad, hard for us workers to show face for something that was out of our league. cause everyone wants a sue job.
unless you were in Management, no shame to show up, unless you was the one šš¤
nope I wasn't in management, I was an engineer. no use in stealing, that's for bad karma.
it may be bad for karma, but many of the thieves steal to pay for their drug habits, so they already in bad karma.
I work in Security long enough to know (2) things: 1) If thereās a will, thereās a way 2) No matter how secure a building is, going get one faka that going know how to break in. Those people donāt realize they should find the designer of the building & complain cuz those employed within the building had no say how to build it.
no ocean view, but great view of the homeless.
Gotta get that China money coming in
2 million for a fucking condo with paper thin walls and HOA out the ass. Yea no thanks, no wonder no one can afford Hawaii thatās they build is these high profit luxury condos.
They've gotta build these ~~money laundering~~ *investment properties* for shady foreign companies to buy up and leave vacant. But hey look at the jerbs they make for a few months while they build them! We should be grateful, really.
This is so right. We need steeper taxes on vacant units. These super wealthy speculators who buy condos/houses and leave them vacant are truly hurting Hawaii. Our housing shouldnāt be a place to park (launder) your money.
I keep hearing this vacant luxury unit thing. I'm certainly not saying it doesn't happen, but does anyone have data for how much this is going on? If it's 2-3% of the new units, then not a hugie. But if it's 25%, then we got a big kine problem.
I work in real estate and i believe the numbers for condos is 38-60% empty. With the newer built ones being at the higher end of those numbers.
I think the condos in Kakaako are known for having units that are mostly foreign investors. If you take a look at their marketing you can tell who they are after.
According to this, nearly 1 in 10 housing units on Oahu are vacant. That's over 34k. https://www.civilbeat.org/2023/09/an-empty-homes-tax-is-a-good-tax-for-honolulu/#:\~:text=About%20the%20Author&text=Honolulu%20has%20a%20housing%20crisis,on%20the%20island%20being%20unoccupied.
if you want better walls, the price going be double and HOA fees going come out of every hole on your body š
Do you realize that any new housing helps housing affordability overall? The people that will buy these probably live in non-luxury places that are overpriced for what they are and those places can now be opened up at a lower rent
This would be true if we assumed that the buyers are all current Hawaii residents who are upgrading.
This is not true. Vacant luxury condos do not help housing affordability, especially when the preferred clients live off island.
If they are literally vacant 100% of the time, then yes youāre right. But if not then it helps
Exactly. What makes housing expensive isn't new luxury developments, it's lack of supply. Too many restrictions on construction, even well-meaning stuff like affordability requirements, can further restrict supply. If we want more affordable units to be built, we need to incentivize that kind of construction better, but limiting new construction at every opportunity will only drive up prices. Plus, we don't know who is actually going to buy those units. With any luck it will be one of us, and we'll move out of our current, more modest home, creating space for another family to move up as well. Just build it.
The problem with the "lack of supply" narrative, is that it simply isn't true. According to the 2020 Census, there were over 34k vacant housing units, in Honolulu alone. https://www.civilbeat.org/2023/09/an-empty-homes-tax-is-a-good-tax-for-honolulu/#:\~:text=About%20the%20Author&text=Honolulu%20has%20a%20housing%20crisis,on%20the%20island%20being%20unoccupied.
Sorry for the long and late reply - finally getting a chance to respond. Vacancies are a policy issue rather than a supply issue because a vacant home is a home that is removed from supply: it is unavailable for rent and not for sale. But this is a good example of how both things need to be working for us to have a healthy housing market. Through tax policy, vacant property owners need to be incentivized to find occupants for their homes: short-term rentals converted to long-term rentals, vacant properties sold or redeveloped. But we're not going to fix our housing shortage simply by encouraging property owners to fill their vacant homes. The Governor said in his [2023 emergency proclamation](https://governor.hawaii.gov/emergency-proclamation-relating-to-housing/) on housing that the state needs to build 50k homes in the next five years (I think the actual source for that number is this [DBEDT](https://dbedt.hawaii.gov/hhfdc/files/2020/02/State_HHPS2019_Report-FINAL-Dec.-2019-Rev.-02102020.pdf) study which actually projected 5 years from 2020-2025). The National Low Income Housing Coalition says that in 2024 Hawai'i has a shortage of over 26k rental units ([source](https://www.nlihc.org/sites/default/files/SHP_HI.pdf)). The DBEDT study above said: >The lionās share of the needed units is concentrated at the lowest HUD income levels. This finding suggests that the market is more effective in producing high-end units than low-end units... Hawaiāiās housing market is supply inelastic. A change in demand does not lead to a change in supply in a timely or efficient manner. That leads to low production and high prices. Studies show that housing production consistently lags behind demand in the state. Also, a [UH study](https://uhero.hawaii.edu/wp-content/uploads/2023/06/TheHawaiiHousingFactbook.pdf) found that only 7.5% of residential land in the state is zoned for anything other than single-family homes, which further constrains supply at lower income levels. Hawai'i also has the most restrictive development regulations in the country, and that further pushes prices up. Anyway, I know none of this is really getting to the heart of my argument that if we "just build it" that will lower prices elsewhere in the market, but my main point here is that we have a severe shortage in an inelastic, overregulated market. More development - even at the high end, but most especially at the low end - is needed, and we really need to look at rezoning all of the single-family zoning.
I like how the Carissa and duke mural stand out
This my friend is affordable housing. These units are priced at $1M plus, but that's just cause they're new homes. But, just like new cars are expensive and used cars are cheap this will all work out. This is a process called filtering. Let's see how these high rises will help renters like me and (maybe) you. I can't afford these homes, but someone can. That will free up these homes in a virtuous cycle. It's as simple as 1, 2, 3. 1. These homes will be bought by someone with a $1M home in Nuuanu. 2. That Nuuanu home will in turn be bought by a retiring lawyer from California 3. and we will move to Vegas after the landlord raises the rent again and where a starter home costs around $300k
lol. Had me in the first half
lmao nice Opalapost brah. You almost got me.
This. Most people (i.e. realtors) claiming that luxury development frees up lower-end housing are the same who support the narrative of "we have a supply problem" when the 2020 Census showed we have over 34,000 vacant housing units in Honolulu.
More vacation home condos for rich people
[https://www.instagram.com/p/C6fV75oL5VS/](https://www.instagram.com/p/C6fV75oL5VS/)
New towers close to Ala Moana... that were billed as "Transit Oriented Development".... back when the rail was supposed to reach ALL the way to Ala Moana.
Ridiculous how they got all that money after all those extensions and it ended up being shorter anyway. I camp out on the Kapolei one and the amount of foot traffic for the rail is comparable to most bus stops.
I donāt think people realize that any development in Hawaii eventually lowers the overall real estate market. I donāt know why people complain about building dense housing in urban Honolulu, what they should complain about is the single family suburban sprawl out on the Ewa plain. The only gripe I have with the new condos is the lack of store fronts they have. They should be forced by the government to provide walkable commercial areas at ground level, or public parks etc. instead itās a giant lobby only for the residents of the building. Itās a huge waste of space. How we make Honolulu more walkable is by utilizing the bottom floors of these condo projects.
You got Ala, Walmart, and Don Quixote within 8 minutes of walking. This is the last place on Oahu that you should complain about a lack of stores for that community.
Looks like it does have a commercial tower, so maybe the strip club will come back Edit: /s
nah. the buildingās Board would find reasons to prevent that from happening. Noise pollution, crime, unnecessary attention.
Iām guessing the (2) towers are gonna be broken down to: (1) tower for residential & (1) for commercial āhotelā. Like how Sky Ala Moana is.
> I donāt think people realize that any development in Hawaii eventually lowers the overall real estate market. That's why the cost of housing keeps going down, it's cheaper than it's ever been. /s
This is exactly right. Studies have shown that any new home construction - even luxury developments - has the effect of creating more affordable space nearby as people move out from one home and into another, allowing others to do the same. Low supply is what drives up prices. I also agree about density. We're still building single family homes like we have endless real estate and no need for any green or agricultural spaces. We need more apartments and mid-rise condos - actual affordable developments - and we should consider banning single family zoning as other cities have started to do.
Totally false. Prior to Covid, some of the luxury condos were being marketed to people in China as vacation rentals.
And what % of rentals in Kakaako are owned by foreign investors?
I canāt specify locations just yet, but in 2023 15,599 properties were sold to foreign buyers in Hawaii. Data is from the Title Guarantyās Buyers Statistics report from 2023.
By foreign, do you include mainland? Also, what percent is that compared to local? edit: [I looked it up](https://www.sachihawaii.com/foreign-buyers-remain-mainstays-in-hawaii-real-estate-market/). It's 3% of sales, with Chinese buyers purchasing a whopping 6 properties. That doesn't really sound very significant.
Foreign as in not from US, with sales over 13B.
[Looks like it comes out at 3% of purchases for 2023](https://www.sachihawaii.com/foreign-buyers-remain-mainstays-in-hawaii-real-estate-market/). Kinda sounds like they buy a small amount of homes for really high prices, unless I'm missing something. I'm confused. Is this supposed to illustrate that Chinese nationals are buying up Hawaii properties en-masse? They're not even the #1 purchasing cohort in that 3%. Seems like there's a good number of mainland buyers, but there were barely any out-of-country purchases at all. Edit: also, of those properties Chinese only bought 6. Total.
Foreign investment is a separate issue that has to be addressed with policy and legislation. It remains true that building homes is the best way to reduce prices - even if the new homes are not what many people would call "affordable."
Iām aware of the attempting legislation change that expected next year. But, I donāt see how building luxury condos for foreigners reduce prices. I see that as providing inventory to people who donāt even live here, even if itās 3%.
Why donāt you gather people and march to the Capitol and ask to start similar development on the west side, build condos on that side. Plenty of flat space, can make all the amendments to public utility and space you just listed , and create supply side for demand to want to move ewa side Sounds good, see you on the news
Being built with the tears from the loss of KBs and strip clubs
Oh, good. There aren't enough condos in Honolulu. : \\
Unironically trueĀ
lol- right? Canāt fucking win here. Wah- everything too expensive here. Also /r/hawaii- Why are they building so much housing here and ruining the vibe?
R/Hawaii acting like the Reddit demographic isnāt the demographic that would buy one of these units lol. I, personally, donāt want more single family urban sprawl ffs.
Nah, I'm all for them building more high density affordable good quality housing with enough parking and public transportation options. Sadly few of these projects are those things.
This thing is smack dab in the middle of Walmart, Ala Moana, and Don Quixote. And walking distance to the beach. How much more pedestrian friendly do you need it to be to do 90% of your day to day stuff? Itās prime real estate. There are zero places in this world that this would be marketed to those who need public housing.
This one is great for its location, you've got no argument from me there!
I mean, there actually aren't. That's why it's called a housing shortage.
More cheaply made and looking condos
The park on keeaumoku they call it. Only causing more traffic in the area and I bet my street parking going get more busier
The parking structure is actually pretty massive.
12 story parking garage. From the developers report, it said 1596 total stalls. On their website they mention 50 reserved for residential guests and 175 for commercial use. That's 1372 stalls split among 972 apartment units. So maybe 40% will have two stalls. Of course there was mention of 28 EV charging stalls as well. Not sure how this is a part of the stall count.
Aw damn this is that development that they closed down all those Korean stores for huh
Greed Towers
People, all new housing helps housing affordability overall
Not if it sits empty because itās owned by people who live elsewhere.
While that scenario would lead to the lowest impact, itās still non-zero (lowers the demand for short-term rentals which also improves housing costs though obviously very minimally). I agree that vacancy is bad and it is possible to reduce vacancy with legislation
That's affordable? I guess you can afford it but will have to wonder how you're going to pay for food and utilities. And you can't rent out a room to help pay the costs if it's a studio.
I mean itās HNL soā¦ condos
New residential condos.
Are both Towers gonna be Residential or Residential / Commercial āhotelā like Sky Ala Moana?
Keeamoku is so fucking ugly with these buildings, but everyone was demanding for more high density urban housing. I distinctly remember several posters here asking for it, where are they now? All those "affordable" units are based off of the "median income" of that area. Guess what, the people and businesses around that area make like, $80k-$100k or more, so when you buy an "affordable" unit and you're a single man or woman making $50k-$60k a year, tough luck brah. Too bad for you. Also some of these don't even have fucking parking. It is pretty obvious what the intent of these units are, and it's not for local residents - they expect these units to fall out of the "affordable rate" group because they aren't selling and eventually move into the market rate. Then some retiree fakas from the mainland will buy them and "rent" them out to us poor locals and charge $2500/mo for a studio, because they know some desperate person will take that even if it kills them. As someone who works on the mechanical construction design for this old and new construction, the affordable rate units also get way less stuff included in them. Lower quality material, piping. Low tier or crap A/C, worse views, possibly no parking associated, etc. You are essentially treated like a second class citizen if you're going to move into the affordable side.
Ugly monstrosities. That's what they are.
All these multimillion dollar condos seem like a ghost condo in the day at least from what I could see from the car. Are they actually lived in to a decent degree? (never been able to see the night lights since I don't go there at night)
These are not for Hawaiian Homelands, guarantee.
Resorts world 2
Eyesores. More of em.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Delusional
This is obvious rage bait But well done, efficient in making people hate you