What can you get for a million dollars?
The September issue of Honolulu is already out on newsstands, and you will see a real estate-related story on the cover: What can you get for a million dollars?
When I started on the story, I wasn’t expecting to find much. I thought that inflation would have left very little (literally) that people could get for a million in Honolulu. I was actually surprised and a little hopeful when I saw the range of properties you could buy around Oahu at that price.
Joyce Nakamura, the president of the Honolulu Board of Realtors, said that since interest rates were so low and prices stabilized on Oahu, it might be possible to “afford more house” now than people would expect.
Still, not everyone can afford a million dollar home, so it’s nice to dream. And if you want to other American dreams, take a look at some of the million-dollar Mainland properties I profiled, as well.
I did find it interesting that when I contacted Mainland realtors for this story, many didn’t get back to me, or said they weren’t interested, or asked how much I was going to pay them for the chance to do this article. The first two responses were baffling, since I always thought realtors want to get as much free exposure for themselves and their properties as possible. I never found out why realtors thought they would get paid for the article, so if you can shed some light on that, please let me know.
Anyway, if you see the September Honolulu, pick up a copy and check it out. Then come back to this blog and post your reactions. Are these the kinds of properties you would expect for a cool million?
Posted on Wednesday, August 31, 2011 in Permalink