The Hawaii Traveler » Real Estate http://www.thehawaiitraveler.com Your guide to life in the islands Wed, 31 Dec 2008 07:00:00 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Renting a Smart Move in Honolulu http://www.thehawaiitraveler.com/2008/10/renting-a-smart-move-in-honolulu/ http://www.thehawaiitraveler.com/2008/10/renting-a-smart-move-in-honolulu/#comments Sun, 12 Oct 2008 20:05:51 +0000 http://www.thehawaiitraveler.com/renting-a-smart-move-in-honolulu/ Post from: The Hawaii Traveler

]]> 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 .

Post from: The Hawaii Traveler

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