so many people ask me “how much is a condo here in hawaii?” i always say, “very expensive!”
for example, take this one bedroom condo located at 1555 Kapiolani Blvd APT #1311. the building is called One Ala Moana. it’s only 761 sqft. so that’s pretty small. and the view? look good at this photo and you will see the mountains and buildings, with absolutely no ocean view. it’s for sale right now and if you have $836,000, it’s yours. your mortgage payment will be $3,550/month. and the salary you will need to buy it will be $152,170 per year. for 30 long years! opps, i forgot to add tax and maintenance fees of $1,100/month. so if make an annual salary of $152,170/year and can pay $4,650/month for 30 years, this tiny condo is yours! if not, dream on.
now you know why there are so many homeless people in hawaii? and the bad news is, the prices are going up and up!
