2009 Kona Real Estate Year End UpdateIn 2007 I said things pretty much slowed to a halt but prices had remained the same. Now in 2009 sales are starting to gain ground again in Kona. Real estate prices have pretty much adjusted to what they really should have been all along. "Adjusted" sounds like one of those terms your stock broker uses on you after he just screwed you out of your lifes savings. Anyways, before I start babbling on about Ponzi schemes and such, let me say that Kona real estate prices are still above firesale giveaways but there's a ton of foreclosures on the island right now. Mostly greedy pigs who deserved to get slaughtered. I'm sure there were some innocent folks too, so if that's you, save your hate mail for some one else. I'm just reporting the facts. Hell, I did some creative financing on our house a few years back and if I don't sell it or refinance it in a couple of years I too could be homeless. But I don't really give a crap at this point anymore. I moved here knowing that worst case scenario I go broke and have to live on the beach. I would miss the hot water though. I think that's what keeps me motivated to play the game of life. Back to the update, prices are cheap compared to 2 years ago. Heck I dropped the price over $1 million off our home/office. Will prices go lower? I don't know. I do know I've lowered the price to the rock bottom I won't take anything less price. If it sells great. If not, I was planning on living here till I retire in another 13 years anyways. Who knows what Kona real estate prices will do in the future. What do you think about Kona real estate prices? Outlook?Think I'm right on or insane? Here's your chance to set the record straight.
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