Why doesn’t Hawaii’s market follow Mainland real estate trends? Because we are better than the mainland; In an article dated June 11, the Star Bulletin Reported that Mercer, the venerated New York consulting firm, has named Honolulu the top US City for Quality of Living.
This is one reason why people who can live anywhere (read:rich) choose Hawaii-and that’s a reason why Hawaii’s market can be strong in the face of problems on the national level.
These kinds of rankings don’t mean very much by themselves. But when you begin looking at all the reasons why Hawaii is a unique real estate market and rarely follows Mainland trends, rankings add to that understanding.
Though Honolulu was #28 worldwide, look at the cities that beat us out-Zurich, Vancouver, Geneva . . .
If you want warm, there is only one city that is ahead of Honolulu – Sydney (and it does get cool there). Plus, they drive on the wrong side of the road, and are descended from British criminals.
July 5th, 2008 at 3:20 am
Thanks Carl! Nina writes some pretty nice articles. This is the second one I had to comment on today. I’m glad to see that Hawaii is #1 in Quality of Living. BTW Carl, we also don’t have as much sharks (in the water) as Australia. More reasons to invest in Hawaii real estate!