October 12, 2008
Renting a Smart Move in Honolulu
Honolulu was recently one of MSNBC’s 34 Cities Where It’s Better to Rent. The “better to rent” designation was the conclusion of a study using the generalization that truly affordable homes cost no more than 15 times their annual market rent.
Home prices in Honolulu, although falling, have farther to go, according to the study, and therefore are going to leave owners with negative equity were they to sell in four years.
In a related story at MSNBC, you can also explore real estate on the mainland, and Sixty Six Cities where Buying Makes Sense .
I'm a surfer girl and freelance writer who can't seem to get enough out of life abroad. Despite my frequent travels, my life in Hawaii (namely, my six-year old pug Iris) keeps me grounded. Here in Honolulu, buildings pop up like tourists wearing tacky aloha shirts, shops come and go like the trade winds. 
Honolulu, HI