Kona Kohala Blog

We still have very large inventories of all types of properties available in North Kona and South Kohala.  Below is a chart with the numbers of activie listings in each district and then a break down of the totals from $500K and down.

Investors are always looking for properties that will produce an attractive bottom line consequently, the lower the purchase price the better the chances of running in the black.  As the decline in prices continues, buyers are getting more chances of finding condos, especially, that will generate an acceptable return.

Bank officials have finally reached the point of fighting back.  Having tired of taking all the heat as the bad guys in the current economic fiasco and fearing that the administration has designs on their jobs, bankers are taking a stand saying they aren't the cause of the problems nor are they the reasons why we have yet to begin pulling out of our recession and they're probably right.

Many of the smaller banks have already paid back the feds saying they don't want to be crippled by onerous regulations attached to the hand outs, er, bail outs.  Now some of the big guys are trying, unsuccessfully, to give the money back.  They say that is they keep it, the government is now in a position to remove the higher ups in the organization and replace them with more qualified people to run the banks, aka their friends who are currently out of work.

There has never been a bigger power play on the part of our government in the history of the country.  Instead of any form of "laissez faire" we have just the opposite.  Never has a country moved so quickly towards socialism without a revolution.  First, the feds want to determine maximum wages that can be paid to any company accepting government money, now they want to name CEO's and board of directors members.  This is scary.  How can anyone look at Europe and the financial mess they've been in for a hundred years of more and attempt to model our country after that?

Capitalism, while flawed, is still the very best method of enriching a people and a country.  Only by allowing people to be rewarded for their creativity and risk taking can innovation become the norm.  Capitalism is what made this country great.  Capitalists are the people who built libraries, universities, hospitals and endowed charities.  Capitalists are the people who endow the arts and music.  Without capitalists you have government sponsored programs and we can look at social security, the mail system and every other failed endeavor that has gone over budget and over time.  The only thing the government has ever done right is arranging their own salaries, retirement plans and medical benefits and that hasn't really helped any of us common folk much at all.  aloha