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To: Rarebird who wrote (425883)3/26/2014 9:56:17 PM
From: Broken_Clock  Respond to of 436258
 
Kukio is THE top end vacation enclave in hawaii. 6 years ago you could not get a vacation rental there. Now a third of the homes are available for rent. Pretty much anyone selling in the high end is taking a beating…unless they bought 2-4 years ago and are flipping now. Saw one closing at 3.3m of a 4,700' casa that probably cost $7 plus to buy/build just 8 years ago. heck, 3.3 was a freakin' lot at Kukio 7 years ago. Typical construction cost starts at $1,000/ft and goes up from there.