Paul Brewbaker
Paul Brewbaker
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In some places, like Iowa or Texas, where there are no such things as building permits, the path is smoother, with a steady rate of return of 4 percent each year. In other places, it comes in fits and starts, and the distinction between the smooth path and the stair step has to do with the extent of geographic and regulatory scarcity.
aligned japanese stars
The stars are aligned right now for Japanese investors.
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I always say that Hawaii is the western edge of Orange County.
economy-and-economics everybody lucky says underlying
Lucky for everybody because it says something about our underlying economy.
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They aren't all looking for a piece of the rock. It's also about investment. When their 30 percent rate of return goes to zero, from a portfolio prospective, real estate starts to fade a little bit.
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We saw that income in Hawaii grew very fast in 2004 and continues to grow, but the real story is that inflation is eating it up.