I know that the area where I live is economically depressed. I also know that the housing market across the country is sluggish, at best. It’s a buyer’s market, from all I’ve heard and read. And yet, there are places where new construction is booming and property values are soaring. I know that because my son and husband are working in such an area now.
I can’t even imagine what it would be like to apply to mortgage lenders for a loan that is anywhere near the million dollar mark. I’ve checked property prices where my husband is and I don’t see how a normal, hard-working person could ever afford to buy a home there. That’s sad for those who were raised on that island and now must move away to start a family.
I’ve fallen in love with Kauai and often thought if I won the lottery I’d buy land there. I think I’d probably buy enough land to build a small community of reasonably priced homes and then sell them only to people who were born there. I don’t know if that’s against some discrimination law or not, though. Doesn’t matter, since I don’t play the lottery anyway, so I can’t win it. But that’s what I would do… if.
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