tag:blogger.com,1999:blog-2445523662180116681.post4008090130431102505..comments2024-03-28T15:14:39.600-07:00Comments on The Hawaii Plan: Financial BackgroundHawaii Plannerhttp://www.blogger.com/profile/04760426766801381563noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2445523662180116681.post-82040582036495781002011-10-24T14:03:41.973-07:002011-10-24T14:03:41.973-07:00Wow, that got long! :-)Wow, that got long! :-)Hawaii Plannerhttps://www.blogger.com/profile/04760426766801381563noreply@blogger.comtag:blogger.com,1999:blog-2445523662180116681.post-73049251680138770452011-10-24T14:03:26.820-07:002011-10-24T14:03:26.820-07:00Good questions, and happy to answer them. :-)
We ...Good questions, and happy to answer them. :-)<br /><br />We have thought about buying a place in Hawaii once we pay off our current vacation home. If interest rates stay low, and property values remain low (I hope they go up, for our sake & everyone elses!), we would definitely consider making the investment in our retirement home now and renting it out.<br /><br />Hawaii is far enough away (6ish hour flight)that we'd likely rent it using a rental property management firm for the majority of the year, and use it for a vacation here & there.<br /><br />Our current vacation home is within a 4 hour drive (and, close to my parents, sister, and assorted other relatives) & we do not rent it out. We've been using it quite a bit (we average 40+ nights/year there), but it is getting harder to make that work now that my son is in Kindergarten. The town we purchased in has an extremely long rental list (it would probably take 2+ years for us to get our house on the list to rent out) as the number of rentals are capped. We haven't explored it, because we love the flexiblity of using it whenever we want, we leave clothes, food, EVERYTHING there. We let family members use the house for free anytime we're not there.<br /><br />It's funny because out of all of our financial decisions, the vacation house is the one I'm happiest with. . . we have had the most amazing family memories there. With our immediate family, but also with my extended family. Buying it was completely a whim (story for another day), but so very worth it!Hawaii Plannerhttps://www.blogger.com/profile/04760426766801381563noreply@blogger.comtag:blogger.com,1999:blog-2445523662180116681.post-10193897318195488382011-10-24T12:49:39.437-07:002011-10-24T12:49:39.437-07:00Hi Hawaii Planner! I love your plans!
I have a cou...Hi Hawaii Planner! I love your plans!<br />I have a couple of questions (if you don't mind :))<br />Would you consider buying in Hawaii once the vacation home is paid off? Do you rent out the vacation home?Anonymousnoreply@blogger.com